Solution Mortgages News

Solution Mortgages news on bad credit remortgages, poor credit remortgages and for people with arrears & ccj’s. Remortgage news with regards to the adverse credit market and people with sub prime credit.

Friday, February 4, 2011

New improved criteria from GE Money

GE Money have recently improved there criteria to enable them to help more people.

First Time buyers

  • Maximum loan to value increased to 80% (75% for interest only)

Capital raising

  • Increase maximum limit from £25,000 to £50,000. This is over and above any debt consolidation

Unemcumbered properties

  • No current mortgage on the property

Debt utilisation Criteria

  • No restriction on the number of unsecured debts.

Taking all these changes in to account it again shows a positive step in the wright direction. The appetite for lending is improving all the time albeit a lot slower than we'd like.

GE Money help people with the following criteria;-

If you are trying to get a bad credit re-mortgage then please contact us at Solution Mortgages Limited on 0845 1231260 or visit our website on www.solution-mortgages.co.uk

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