Thursday, November 12, 2009
New Mortgage Lenders to Enter the UK Market
British mortgage brokers believe that entrance of new mortgage lenders on the British market will result in increased competition. GE Money Home Lending, which was one of the most popular British mortgage lenders in 2007, announced that this week it will re-enter the UK mortgage market, which it left last year. GE Money Home Lending has already revealed one of the mortgage deals it will offer to its customers: the best buy mortgage offer available for 70% loan-to-value ratio will have an interest rate of 4.99% and a fee of Â£995.