GE Life lifetime mortgage rates cut
www.moneynews.co.uk > Mortgages > GE Life lifetime mortgage rates cut
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Money News |
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GE Life lifetime mortgage rates cut
Wed 30th Nov 2005
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This is a reduction from the previous rate of 6.25 per cent as GE Life is calling on "greater transparency and simplicity" in the lifetime mortgage market.
Simon Little, marketing and product manager for GE Life, explained the advantages of the product: "These latest amendments to our product, particularly the reduction in interest rates and that we will now be paying our own legal fees, make us confident we can offer one of the best lifetime products on the market."
As well as GE Life paying the legal fees, it has also raised loan to value (LTV) rates for those aged between 60 and 77.
The GE Life lifetime mortgage is available through financial advisers.
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