Specialist lending boost

The specialist distributor has been announced as a distribution partner for GE Money’s newly expanded range, a development that comes hot on the heels of recent debate around the future of the sector.

The new range features a number of significant enhancements, including increased loan to value limits, competitive rates from 3.49%, and a new first time buyer plan. Minor CCJs and defaults are now permitted within the last 12 months. The range is expected to be warmly received by advisers but will only be available via selected distribution partners.

Commenting, Andy Brown, managing partner at TFC Homeloans, said: “This is great news at a time when there is a clear opportunity to lend to good quality customers. The demand for mortgages at present far outstrips the supply. This new range from igroup fills some important gaps in the market, particularly with its availability to first time buyers. This is a significant product launch that will help give confidence to the lending community and the market in general.”