GE Money Home Lending (GEMHL) is to enter the buy-to-let market under its First National brand with the launch of a new product range.

The range will be available from 15 November 2006 and online at www.Mortgage-Shop.co.uk as soon as it goes live.

The product will see packagers and brokers being able to offer 100% rental income, various LTV options dependant on rental cover, and fixed rates from 5.39%. The lender will also have a near prime buy-to-let offering.

First National will also be offering an exclusive to RAMP packager members, as well as other key partners Pink Home Loans, TMT and Optoma. This proposition will combine the 100% rental income with 90% LTV.

Duncan Berry, director of first mortgage sales at GE Money Home Lending, said: “This move into the buy-to-let market demonstrates GE Money Home Lending’s response to the phenomenal growth in this sector.

"Consumer demand remains strong as we continue to see an increase in rental demand together with the requirement for long-term investment opportunities."

In addition to our core product range, we will also be offering an exclusive to RAMP packagers and GEMHL key partners, Pink, TMT and Optoma. This proposition will combine the 100% rental income with 90% LTV and will provide our intermediaries with one of the best products in the market.”