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GE Life reduces lifetime mortgage rates - News at Best UK Mortgages - Thursday, 23rd June 2005Previous Article - Main Index - Next Article GE Life has announced that it is dropping its lifetime mortgage rates by 0.44 per cent. The move, which will see rates drop from 6.69 per cent to 6.25 per cent, places GE Life as the most competitive mortgage provider in the lifetime market. In addition to the new rate, GE Life will continue its cashback facility, whereby all customers will receive a £500 tax-free cashback on completion of their Equity Release Lifetime Mortgage. Simon Little, product manager for GE Life, said: "Since we announced our initial rate cut from 7.19 per cent to 6.69 per cent in May, other providers have followed suit and cut their rates, partly as a result of falling money market rates. "Due to this, and to further demonstrate our commitment to the market, we have cut our rates again." |
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This site is intended for UK residents only. The overall cost for mortgages for comparison is % APR. The actual rate will depend on your circumstances. APR variable and based on a usual case. The Financial Services Authority (FSA) do not regulate some types of buy to let, commercial, overseas mortgages, tax advice and credit or loans not secured on property. Best UK Mortgages is a trading name of Grovelawn Limited, which is authorised and regulated by the Financial Services Authority. |
