GE Money slash rates

Its fixed rate product meanwhile starts at 3.49%, while tracker rates begin at 3.29% with a one year early repayment charge.

The new rates will take effect from May 16.

Nikki Warren head of sales at GE Money Home Lending, said: “We continue to grow our product range, offering rates now starting from 2.94% and a saving of up to £1295 on fees.

“This coupled with our legal fees included package will be popular with remortgage customers, looking to move to GEMHL with minimal up-front costs.

“In these exciting times post MMR, we have taken the opportunity to expand our offering following feedback from our intermediary partners."