View more on these topics

Pink launch buy-to-let lifetime tracker

Pink Home Loans has launched a shared exclusive buy-to-let lifetime tracker product funded by BM Solutions.

The product offers a rate of 4.89%, Bank base rate + 0.39%, for the life of the mortgage and the rental payment is calculated on an interest only basis at the pay rate, Bank base rate + 0.39%.

Nic Ekin, lender relations manager at Pink, says: This tracker offers an excellent deal for the buy-to-let investor, not only offering a competitive rate for the life of the loan, but also taking advantage of the competitive rental calculation at the pay rate of the mortgage.

Lee Grandin, managing directorof Landlord Mortgages, says: “Just when you think that BM Solutions have delivered the best that they can, they come back with another fantastic product and who delivers it best? Pink of course”.

The product also includes net broker commission of 0.5%, min 150 max 4,500, although it is online applications only.

Recommended

BSA seeks PR and policy manager

The Building Societies Association has created the role of PR and policy manager to strengthen the voice of societies in policy debates. The role, which was advertised in TheGuardian on October 8, will involve researching, planning and executing communication strategies. The successful candidate will report to the external affairs manager. Although salary is dependent on […]

MPLC focusses on affordability

Mortgages PLC is launching an affordability-based approach to underwriting with a bespoke range available to a limited number of intermediary and packager partners.

Equity withdrawal rises for first time since 2003

Figures from the Bank of England highlight an upturn in the amount of mortgage equity being withdrawn. The Bank’s estimate of mortgage equity withdrawal has risen to 8.7bn for Q2 2005 from 6.4bn from Q1 of the same year, an increase of 2.3bn. Dean Mirfin, business development director of Key Retirement Solutions, says people have […]

Construction activity builds

Construction activity continues to rise, with the private housing sector seeing the largest increase, a survey from the Royal Institution of Chartered Surveyors says.

Newsletter

News and expert analysis straight to your inbox

Sign up