GE Money holds fixed interest rates

01-Feb-2007

GE Money Home Lending (GEMHL) has announced that the interest rates within its range of fixed-rate mortgages are to be held, which may benefit first time buyers.

GEMHL has confirmed that interest rates are to be held across its igroup and First National product range until further notice, potentially offering reassurance to first time buyers who may be worried about the prospects of a further rise in interest rates next week.

The mortgage lender has confirmed that should interest rates increase on February 8th, its rate of interest will remain unchanged.

"The security of a fixed rate of interest is very desirable for those seeking to get onto the housing ladder or remortgage," said Gerry Bell, head of mortgage marketing at GEMHL.

"However, customers need to hurry to secure these deals as they will not be around for long," he added.

To find out more about this mortgage and other mortgages for first time buyers, click here.

GE Money offers a range of financial products and services, including mortgages, credit cards and insurance products.

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