If you can answer yes to the following questions, you are on your way to applying for a GE Money mortgage:

• I am a UK resident
• I am 18 years old or over
• I have a regular income above £20,000 per year
• My property value is higher than the loans secured against it

We aim to complete your mortgage within 6 weeks.

Yes. We offer competitive rates based on your individual circumstances so if you've got a good record, you'll get a rate to match.

No. GE Money does not currently lend to Self-Employed applicants.

The answer depends on your income and outgoings as well as the amount of equity you have in your current home (if that applies). As a responsible lender, GE Money will not lend more than you can afford.

Your interest rate will depend on your personal circumstances, the amount you want to borrow and the type of product you would like. For more details please contact your intermediary. 

To view a guide of typical fees associated with one of our mortgage accounts, click here.

There is no separate valuation fee. This fee is included in the completion fee and this fee is added to your loan.

Depending on the product you take with GE Money there may be a separate fee payable to solicitors.

Yes, but fees may apply. If you are an existing customer the details will be outlined in the mortgage offer or call our team on 0800 316 1625 or click here to enquire online.

You have the option to take Payment Protection Insurance (PPI), which covers your monthly payments if you're unable to work due to accident, sickness or unemployment.

Click here for a consumer guide to Payment Protection Insurance (PPI).

If you are having difficulties paying an existing GE Money mortgage, please call us on 0800 316 1625 and one of customer services team will discuss the options with you.

To view a guide, created by the FSA, on "What to do if you can't pay your mortgage", click here

GE Money have created a PDF guide to help you take control of your money, click here to view a copy.

A capital repayment mortgage is a loan where the amount borrowed is gradually repaid and monthly payments are divided into part interest and part capital. At the end of the loan term the whole amount borrowed will have been repaid.

*You pay off the interest and the capital together.
*Over the period of the loan, typically 25 years, you gradually reduce the amount you owe.
*Your mortgage is paid off as you make repayments.
*If you make all your payments you will own your home outright at the end of your mortgage term.

With an interest only mortgage your monthly repayments only pay the interest on your loan. You will still have to pay the whole amount you originally borrowed at the end of the mortgage term.

As the monthly payments are for interest only, it is important when comparing the total monthly cost of an interest only mortgage with those of a repayment mortgage, to include the money put aside as savings.

*The original amount you borrowed stays the same.
*You're not paying back any of the capital you borrowed each month, just the interest for the loan period.
*The original amount you borrowed will need to be paid in one lump sum.
*At the end of the mortgage term you will need to make a lump sum payment of the whole amount you originally borrowed.

You will need to make separate arrangements to make sure you can pay the final lump sum. This will normally be some form of investment such as an ISA, endowment, PEP or pension.

A tracker rate mortgage simply tracks the Barclays Base Rate (BBR) or the GE Mortgage Base Rate (GEMBR) at a fixed percentage above it. As the base rate goes up and down, so will your monthly payments.
*A tracker mortgage is fixed at a percentage above the Barclays Base Rate or the GE Mortgage Base Rate.
*Your interest rate changes only when the Barclays Base Rate or the GE Mortgage Base Rate does.
*Your monthly payments will go up and down when the Barclays Base Rate or the GE Mortgage Base Rate does.

Payment Protection Insurance (PPI), which covers your monthly payments if you're unable to work due to accident, sickness or unemployment, is available. For details, call 0800 316 1625.

Click here for a consumer guide to Payment Protection Insurance (PPI).

One of our mortgage requirements is that you have insurance to cover your property against unforeseen circumstances.

If you don't already have home insurance, we now have a home insurance product available through Heath Lambert Insurance Services.

To learn more, either click here to go to our home insurance section, or call on 0845 001 1014 quoting ref GE08IN.

GE Money have created a PDF guide to protecting your personal information.

Click here to view a copy.

Prior to 6 August 2010 our reversionary rates moved in line with the Barclays bank base rate (BBBR), which in turn tracks the Bank of England base rate (BOE).  This does not reflect the true cost of providing loans to customers. 

 

GE Money Mortgages taken out from 6 August 2010 are no longer linked to the BBBR. The GE Mortgage Reversionary Rate tracks the GE Mortgage Base Rate.  The GEMBR is not tied to the BBBR or the Bank of England Base Rate, so it is important that customers check the rate applying at the time of application.

Only customers sold a loan from 6 August 2010 will track the GE Mortgage Base Rate.  Existing customers will continue to track BBBR.  Customers will not be able to switch between BBBR and GEMBR without remortgaging.

The GE Mortgage Base Rate (GEMBR) is calculated based on the operating costs of the business and may go up and down over time.  The Supplementary rate is based on customer profile and is a margin which remains the same for the lifetime of the loan and is added to the GEMBR.  The Reversionary rate consists of the GEMBR plus Supplementary rate.

Customers on a Fixed Rate, will move onto a GE Reversionary Rate as their fixed rate expires.  The GE Mortgage Reversionary Rate will track above the GE Mortgage Base Rate as explained above.

Tracker customers will track at a set rate above the GE Mortgage Base Rate for the lifetime of the loan.

Yes, the GE Mortgage Base Rate component will change from time to time based on rules outlined in the General Conditions, which in turn changes the GE Mortgage Reversionary Rate.  The GE Mortgage Base Rate is not tied to the Barclays Bank Base Rate or Bank of England Base rate, so it is important to check the rate applying at the time of application.

The current GE Mortgage Base Rate can be seen here.

Notices advertising the change will be placed in the press and here.
Letters will be sent to customers affected within 14 days of announcing the change.

The monthly instalment immediately following a GE Mortgage Base Rate change will remain the same.  Subsequent monthly instalments will change to reflect the change to the GE Mortgage Base Rate.

In order to ensure we are giving you the best possible price for your circumstances – call us on 0845 001 1014 and quote GE08IN.

We are here for you Monday - Friday 9am to 8pm (excluding bank holidays) and Saturdays 9am to noon.

Your home should be insured for the amount it would cost you to rebuild your property in the same shape, size and materials, should anything happen – costs should be considered for extra services such as architect fees and surveyors cost.

Your rebuild cost is often very different from the price you would have paid.

No – the Home Insure product is available to all – regardless of who your mortgage is with. Remember if you rent, it is also likely that you are responsible for insuring your contents and personal possessions.

Building insurance covers things like:

• Roof
• Walls
• Windows and doors
• Drains, tanks and pipes
• Garage and any outbuildings
• As well as the permanent fixtures in your home such as fitted cabinets

They're all covered for loss or damage caused by fire, lightning, explosions, earthquakes, smoke, riots, theft, subsidence, storms and floods.

Also, if your home is damaged by something covered by your policy, we'll pay for costs such as accommodation for you and your family while your home is repaired.

You'll find more information in our policy document.

Generally, moveable furniture and fittings, like:

• Sofas
• Curtains
• Beds
• Clothing
• Watches / Jewellery
• Personal money in your house, up to £500

Plus we cover some extras:

• Up to £500 cover for any information you have stored on home entertainment systems in the event of loss or damage.
• Unlimited cover for your freezer contents.
• Increased cover over Christmas, birthdays and weddings.

You'll find more information in our policy document.

No - although many people will require both to ensure they are fully covered.

However there are exceptions, for example, if you own a flat, check if there's already buildings cover in place as part of your ground rent. If there is, find out what it covers as you might want to have your own policy as well.

You are also likely to need your own contents insurance.

Yes – when you purchase our Contents cover, you are automatically covered for your personal belongings, even if they are outside of your home.

Please call us as soon as possible if you need to make a claim.

We'll start working on your claim right away and update you if necessary.

We will send you confirmation when it is time for you to renew - simply let us know you wish to continue by returning the form provided, or give us a call.

This is also a great time to review any possible changes you may need to make to your policy - have you made any recent large purchases that may need additional cover?

Financial protection insurance products can provide cover for your monthly repayments.

Click here for a consumer guide to Payment Protection Insurance.

Yes, you can contact the provider direct to find out if a refund is available. If you use another company to act on your behalf, please ensure that you find out exactly how much they will charge you and check whether any money due back to yourself would be payable to them instead.

All too often people find they are under-insured when they need to claim. It is important to regularly review the value of your belongings and make sure your policy covers you for the correct amount. It can be useful to write it down to make sure you don't under-estimate anything. Call us on 0845 001 1014 to discuss the level of cover you have.

A Secured Loan is an additional loan secured on a property and is sometimes called a second Mortgage. A Secured Loan allows you to spread your payments over 5-30 years – subject to your ability to repay.

GE Money has teamed up with Norton Finance (UK) Ltd to offer an even wider choice of loans. They will process your application quickly on our behalf and if one of our loans isn't suitable for your circumstances, they will search their panel of lenders for the best loan for you. This means you have a better chance of getting the money you need.

Free advice is available from your local Citizens Advice Bureau.

Citizens Advice Bureau (Practical information with a trained counsellor on a range of topics including; housing, benefits, debt and legal issues):

www.nacab.org.uk (England & Wales)

www.cas.org.uk (Scotland)

www.citizensadvice.org.uk (Northern Ireland)

National Debt Line (Confidential advice on debt management plans) www.nationaldebtline.co.uk Tel: 0808 808 4000

Consumer Credit Counselling Service [CCCS] Confidential advice on how to deal with debt including payment offer plans) www.cccs.co.uk Tel: 0800 138 1111

Credit Action (Free information and self help guides)www.creditaction.com

The benefit of a Secured Loan over Remortgaging depends on your personal circumstances. Some of the reasons that people take out a Secured Loan rather than Remortgaging include:

Funds are usually available quicker.

No need for a solicitor in most cases.

No valuation fees.

New finances are separate from your existing Mortgage.

A change in credit status will not affect your existing Mortgage rate.

You could consolidate your debts into one more manageable repayment.

Repaying the borrowed amount over a longer term could increase the total you repay.
The interest rate of a Secured Loan may be higher than Remortgaging.

Completing the whole secured loan process usually takes between three to four weeks. Processing time can be shorter depending on how quickly we receive the required documentation from you.

Financial protection insurance products can provide cover for your monthly repayments.

Click here for a consumer guide to Payment Protection Insurance.

Yes, you can contact the provider direct to find out if a refund is available. If you use another company to act on your behalf, please ensure that you find out exactly how much they will charge you and check whether any money due back to yourself would be payable to them instead.

All of our optional single premium PPI policies may be cancelled at any time. Refunds are available, subject to claims experience and the length of time a policy has been in place.

For further information please contact our customer service team on 0800 316 1625.

GE Money have created a PDF guide to protecting your personal information.

Click here to view a copy.