The mortgage is fixed at 5.99 per cent, at 75 per cent LTV, without extended early repayment charges.
First National and The Mortgage Times Group launched their branded lending relationship in May 2005. This exclusive product offering demonstrates both companies commitment to the initiative which is supported with an onsite underwriter at The Mortgage Times Group central London offices.
Judith White, national sales manager, GE Home Lending, said; "We work closely with the team at The Mortgage Times Group to provide exclusive products that are designed to suit their customers needs. We see branded lending as a key part of our distribution strategy and are committed to working with leading packagers such as The Mortgage Times Group in order to develop our position in the marketplace, and continue to offer a first-class suite of products."
Christopher May, Director at The Mortgage Times Group, comments: "This year we have seen an increasing dependency on two year fixed rates without extended early repayment charges in the non conforming sector, and our members have been crying out for us to break the psychological barrier of 6%, we are pleased to announce we have delivered an exclusive 5.99% fixed rate which allows two months arrears in the last 12 months. It is funded by First National and is supported by on-site underwriting and on-site Offer production."
