These increased volumes generated by the Planets & Moons product range are driving Genesis towards an all-time record for the number of applications submitted in a year.
Launched just two months ago, the exclusive 3 year discount can be used across the whole Planets & Moons sub-prime range and offers a 1.75% discount until 01.01.2005 followed by a 1.50% discount until 01.01.2006 then finally a 1.00% discount until 01.01.2007. For standard products this offers pay rates from just 4.00% until 01.01.2005, 4.25% until 01.01.2006 and then 4.75% until 01.01.2007. After this period, the rate reverts to LIBOR + the individual product loading. It also benefits from having no extended tie-ins after the 3 year period.
The Planets & Moons range offers 11 separate schemes offering mortgage facilities for those with previous adverse credit problems including, CCJs, defaults, arrears, bankruptcy, IVA and even past repossessions. Full status schemes are offered up to 95% LTV and self-certification offers facilities up to 85% LTV.
John Lee, Head of Sales & Marketing for Genesis Home Loans said, “We are delighted with the volumes of business we are receiving on this rate as it forms a major part of our product portfolio. It has contributed highly towards two outstanding months for new business and looks set to continue in pushing us towards a record year”.
The Genesis Home Loans product range also includes the Gemstones range – including Pearl, Jade and Onyx – the Spacecraft range – including Freedom, Pioneer, Pathfinder and Prospector – and the Metals & Elements range. For more information intermediaries can contact Genesis Home Loans on 0870 2421213, or via the web at www.GHLplc.co.uk.
