New improved criteria from GE Money

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)

Capital raising

  • Increase maximum limit from £25,000 to £50,000. This is over and above any debt consolidation

Unemcumbered properties

  • 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;-

  • Defaults
  • CCJ's
  • Debt consolidation
  • Historic mortgage arrears
  • Homeowner loans

If you are trying to get a bad credit re-mortgage then please contact us at Solution Mortgages Limited on 0845 1231260 or visit our website on