GE Money Third Party Solutions (GE Money) has reaffirmed it will guarantee broker commissions on its prime mortgage Flexible Options products through to June 2009 as it launched its new prime basic home loan.
The company’s managing director Mark Rice said the industry was entering a time of change and that the last thing brokers needed to worry about was commissions.
“Our broker promise is that we’ll back them regardless of market pressures. We’re providing certainty in uncertain times,” he said.
GE Money’s new basic loan includes an interest rate of 8.69 per cent, no application, monthly or annual fees.
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