The semi-exclusive product range will offer lower initial rates starting from 4.89 per cent for the first time buyer (FTB) product and 4.69 per cent for Ultralight. In addition, both the two and three fixed rates have no ERC overhang.
Optoma and GE Money Home Lending are committed to working together to provide first-class value and service to the broker market and the announcement signifies further growth in the strong relationship between the two companies. As part of the deal, a GE Money Home Lending underwriter has been deployed to work onsite at Optoma’s Leatherhead offices, meaning that brokers can expect a faster and more personalised service.
Judith White, national sales manager at GE Money Home Lending, said: “The relationship with Optoma will help to maintain and grow our strong position in the marketplace and enable us to combine products and a service proposition that will meet brokers’ needs. Onsite underwriting support at Optoma’s offices will create a more streamlined system for processing and issuing offers for First National products, making the procedure quicker and more efficient for brokers.
"At GE Money Home Lending we see onsite underwriting support as central to our distribution strategy and aim to continue working with respected companies such as Optoma in the future.”
Harpal Singh, operations director at Optoma Broker Solutions, commented: “First National’s key relationship agreement is a clear message of intent from GE Money Home Lending. It is committing considerable energy and resource to help us to grow its distribution.
"Optoma will be able to do this by focusing on the needs of the intermediary. We will have products that meet the demands of the consumer with fast efficient service and onsite offer production.
"For those principals that will allow, intermediaries can also claim their procuration fees on exchange of contracts through Optoma. This is an exciting opportunity, and we look forward to growing our relationship with GE Money Home Lending.”
