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First National Stops Lending
31-03-2009

GE Money withdraws the First National brand. GE money have made the decision to withdraw First National in order to manage their lending in the current economic... More

GE Money Seconds Criteria Changes - 23-10-2008

GE Money are changing criteria Second Mortgages for both First National and I Group ranges.

The changes come into effect from Friday 24th October for both First National and I Group second mortgages and deadlines are in place for cases on the existing ranges.

We will submit all appropriately packaged cases by the deadlines, please forward any outstanding information on your GE loan cases.

First National

Submissions
Case must have been entered online with First National by close of business Thursday 23rd October.

Fully packaged case must reach First National by 4pm on Thursday 6th November.

All pipeline cases must complete by Friday 7th November.

Pricing changes - Rates have been increased on all plans and application, assessment and completion fees increase to £750.

Maximum LTVs - LTV on non-standard constructions, flats, flat roof houses and properties in Northern Ireland have been reduced.

Valuations - Minimum property value now £100,000, maximum now £1.5m in South East and £1m elsewhere.

I Group Changes

Submissions
The issue date on credit agreements must be dated before Friday 24th October.

Fully packaged case must reach First National by 4pm on Thursday 6th November.

All pipeline cases must complete by Friday 7th November.

Pricing changes - Rates have been increased on all plans and application, assessment and completion fees increase to £750.

Maximum LTVs - LTV on non-standard constructions, flats, flat roof houses and properties in Northern Ireland have been reduced.

Valuations - Minimum property value now £100,000, maximum now £1.5m in South East and £1m elsewhere.

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