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Pink range aims to get borrowers back on track

Pink Home Loans is launching an exclusive On-Track product range designed to get borrowers back onto prime rates.

The On-Track range, launched in association with Freedom Lending, covers light to heavy adverse, with opening rates from 5.94%, which will reduce by 0.10% every six months, subject to payments being made, until the lifetime tracker rate of BBR + 0.84%, full status, or BBR + 1.14%, self-cert are reached.

Freedom products also include free legal fees for remortgages which Pink says makes the Pink On-Track range good value for borrowers striving to achieve a prime rate.

Dev Malle, sales director at Pink Home Loans, says: “This product offers another option to intermediaries who want to get their clients back on track. The rates are competitive and the pay rate will gradually reduce to a prime rate subject to payments being made. Individuals who are currently looking to remortgage will also benefit from free legal fees..”

Mark Elden, product manager at Freedom, says: “The On-Track range offers unbeatable value on a true cost basis.”


Prices dip

SmartNewHomes. com’s latest report that shows new home prices dipped last month. The average price of a new home in October was 255,327, down 2.4% since the same time last year and a further marginal decrease of 0.2% on September. The report suggests the housing market hasn’t fully recovered from the downturn in prices and […]

Industry steps up the Stamp Duty pressure

The mortgage industry is gearing up for this autumn’s pre-Budget report and backing Mortgage Strategy’s Step Up Stamp Duty campaign, which now has a whopping 5,000 supporters. Despite chancellor Gordon Brown’s decision to raise the Stamp Duty threshold to 120,000 in the last Budget, industry figures are already warning that more must be done to […]

L&E rebrands

London & European has moved to the heart of the City of London and rebranded. The company says these changes reflect its evolution from a pure title insurer to a provider of solutions that enhance the property transactions process. Alan Smith, managing director of London & European, says: “We have become much more than a […]

Solent adds Salt to panel

Solent Mortgage Services has added new lender Salt to its lending panel.Salt is the Derbyshire Building Societys specialist lending brand specialising in sub-prime and self-cert products, catering for the ever-widening spectrum of borrowers needs. In all four sectors (near prime, light adverse, medium adverse and heavy adverse), four products will be available as a two-year […]

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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