Mortgage News
GE Money launches self-employed deals from 3.99%
GE Money Home Lending is to expand its mortgage range from 1 November to address demand from self-employed borrowers.
With rates from 3.99%, self-employed customers will be offered discount, fixed and tracker mortgages with LTVs up to 80% on GE Money Home Lending’s existing LVMO and LTM1 products.
Self-employed applicants will need to have been trading for at least two years and provide proof of income.
Customers with one year’s proof of income will also be considered if they submit copies of recent bank statements.
Gerry Bell, marketing director of GE Money Home Lending, said: “Launching self-employed mortgages is a logical extension of our product range to ensure it is addressing the current demand and limited choice available to customers.”
Bell added: “Self-employed customers will not be charged a higher rate because of their employment status. They will have access to our competitively priced product range.”
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The lending decision is delivered through GE Money’s automated instant decision online system.