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)
- Increase maximum limit from £25,000 to £50,000. This is over and above any debt consolidation
- 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;-
- Debt consolidation
- Historic mortgage arrears
- Homeowner loans