frequestly asked questions
     Why choose GE Money Home Finance Limited? First National Logo

Through the First National brand, GE Money Home Finance Limited now has over 30 years of experience and knowledge in the secured loan market and has remained committed to the industry even during the tougher times when other lenders pulled out.

We are dedicated to intermediary introduced business and aim to work with you, providing you not just a product but a complete business solution. We have experienced and dedicated Sales Executives who operate from a nation-wide branch network, providing you with excellent local support and service.

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     How does the GE Money secured loan work?
Unlike some lenders, we calculate interest on the outstanding balance on a daily basis. There is a set minimum monthly payment making the repayments affordable for your customers. However, they have the flexibility to make additional payments which will not only reduce the life of the loan but also the interest otherwise payable.
Typical 19.2% APR variable.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Loans will be secured by mortgage on your home.
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     How flexible is the loan?
Our loans are very flexible. The interest is calculated daily and debited monthly. This means that the customer can pay the minimum payment or pay more, depending on what they can afford. By paying more the customer can reduce the life of the loan and the total amount of interest otherwise paid.
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     What do I need to do if I wish to become a broker?
Certain criteria must be satisfied before you can introduce our Secured Loans to your customers. Complete the registration form, submit it to us and one of our dedicated Sales Executives will contact you shortly afterwards, click here for the form.
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     How do we submit business?

Applications can be submitted by fax or by post to your Regional Busniess Centre. A decision in principal can be given to you within 24 hours of submitting a loan application.
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      Can I track the cases I submit?

Presently this can be done over the telephone. If you speak to one of our Team Leader they will be able to give you the current status on any of your cases.
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     How much can a customer borrow?
The amount a customer can borrow depends on 3 key factors, income, equity and status. It can range from £3000 to £50,000.
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     How quickly do I get a decision?
We aim to give you a decision in principle within 24 hours of receiving your application.
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     How quickly do the customers get their money?
Once all the necessary documentation has been received, we will carry out the required searches and valuations. The complete process can take between 2-3 weeks.
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     What are the commission rates?
Please contact us and we will be happy to go through these details with you.
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     Will you send further offers to my customers afterwards?
Customers will be offered the chance to apply for a further advance (additional borrowing) at a later stage.
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     How should I advertise finance?
The Consumer Credit Act 1974 and the Consumer Credit (Advertisement)Regulations 2004 specify exactly how credit advertisements should appear, to prevent consumers from being misled. Information is available from the Office of Fair Trading explaining how credit should be advertised. They can be contacted on 020 7861 8000.
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     Why should a customer take out a secured loan and not a
     remortgage?

Our Secured Loans have the following benefits:

  • As our loans are flexible, your customer can control the repayments, and total cost of credit
  • There are no upfront/setting up fees payable (no arrangement charges, solicitors or survey fees or Mortgage Indemnity Premiums are payable)
  • Fast, efficient, professional service, a decision within 24 hours
  • Simple paperwork which allows loans to complete faster
  • Legal and professional costs are not passed onto the borrower

Typical 19.2% APR variable.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Loans will be secured by mortgage on your home.
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     What additional support can you give me?
We have specialist sales and training personnel who will work closely with you. As we operate from a nationwide branch network, we provide a local speedy service. From basic information to sales and marketing support, our experienced staff are available to help you.
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