GE gives Igroup range a rate and criteria revamp

GE Money Home Lending has announced a suite of enhancements to its Igroup product range.

They include over 140 rate reductions, with reversionary rate reductions of up to 0.35 per cent, reduced fixed rates starting from 4.39 per cent and reduced discounted rates of up to 0.35 per cent.

The lender will also provide criteria which are an increased deposit threshold to £25,000, while explanation for non-applicants on the voters’ roll is no longer required, and a form of consent from the applicants’ children is no longer required.

GE mortgage sales director Duncan Berry says: “This refresh reflects our drive to provide our intermediaries, with a highly competitive range of products across the board.

“By making well over a hundred rate reductions and some as great as 1 per cent, we are ensuring our intermediaries are being offered competitive, flexible products that help them attract consumers in this competitive market.”