GE Money has added a ‘FTB1’ plan to its mortgage product range.
It says the move will give more choice to customers who are finding it difficult to get a mortgage and pricing will start from 4.49%.
GE Money will also introduce a new Debt to Income Ratio tier at 40%, for applications from households with higher incomes.
It is also automating the lending decision process for first time buyers and for debt consolidation cases through its Instant Decision On Line system. It claims this will deliver quicker decisions for customers as part of its on-going focus on making it easier for brokers to do business.
Gerry Bell , marketing director at GE Money Home Lending, said: “We regularly review the performance of our product range to ensure that it is addressing the current needs of our customers
