GE Money lowers poor credit large loan mortgage rates

by Aaron Strutt

Dec 13 2013

Intermediary-only mortgage lender GE Money has lowered their rates for borrowers looking for larger mortgage loans.

Most mortgage lenders do not advertise that they will offer larger mortgage loans to borrowers with any form of adverse credit, although GE Money has lowered their mortgage rates by 1% and informed the industry press.

Aaron Strutt, product manager at Trinity Financial, says: “The lender classes larger mortgages as being over £250,000 and their fixed rates start at 2.79%. Borrowers with a history of missed repayments or defaults may still find it difficult to qualify. The lender will not accept defaults or County Court Judgements (CCJ's) within the last two years.”

December 13, 2013