View more on these topics

GE Money Home Lending enters buy-to-let market

GE Money Home Lending has launched into the buy-to-let moved this week under its First National brand.

The product will see packagers and brokers offering 100 per cent rental income, various loan-to-value options dependent on rental cover and fixed rates from 5.39 per cent.

It says that one of the main motives for entering the sector is the growth in the buy-to-let market over the last decade, which has seen a 10-fold increase, with an estimated £35bn gross advances in 2006 alone.

GE director of First mortgage sales Duncan Berry says: “This move into the buy-to-let market demonstrates GE’s response to the phenomenal growth in this sector. Consumer demand remains strong as we continue to see an increase in rental demand, together with the requirement for long-term investment opportunities.

“In addition to our core product range, we will also be offering an exclusive to Ramp packagers and GEMHL key partners: Pink, TMT and Optoma. This proposition will combine the 100 per cent rental income with 90 per cent loan-to-value and will provide our intermediaries with one of the best products in the market.”

Recommended

A closed run thing

The commercial viability of networks, as well as their directly-authorised counterparts, continues to dominate the trade press. If you can read beyond the puerile and self-obsessive hubris being exhibited by some businesses, you may notice that a common denominator in these debates is the expression “closed businesses”.

FSA warns wrap must not hide increased commission

The FSA is warning that wrap should not be used as a smokescreen to take more commission without offering additional services or to get round the checks that networks place on advisers.Speaking at the recent Pep and Isa Managers’ Association conference in London, FSA asset management sector team manager Bruce Robson said these type of […]

A&L and HBOS back affordability over income multiples

Two of the UK’s biggest lenders have stressed the importance of using affordability calcu-lations rather than income multiples.Alliance & Leicester and HBOS have both stressed that affordability is a far more advanced method to assess whether a customer has the ability to repay.The comments come after Abbey said two weeks ago that it would lend […]

China: growth defence or another debt-fuelled boom?

By Douglas Turnbull, Head of Chinese Equities at Neptune Following recent stimulus efforts from Beijing, Neptune’s Douglas Turnbull examines how the government’s long-term reform agenda can be balanced with supporting growth and addressing structural challenges, and the investment opportunities arising from this.Click here to read more Important information: Investment Risks Neptune funds may have a […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com