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Pink adds Prudential to equity release panel

Pink Home Loans has added Prudential to its panel of equity release providers.

Neil Hoare, sales and marketing director at Pink Home Loans, says: “2008 results announced by Safe Home Income Plans shows that the equity release sector is holding up far better than the mainstream market. It also revealed that two thirds of equity release sales in 2008 were via intermediaries with just 37% product sold by direct sales”.

Hoare continues: “I’m confident that Prudential will be a popular addition to our comprehensive panel of providers and one which will provide more choice for our ARs writing equity release business.”

Paul Carter, sales director at Prudential, says: “We are delighted to be working with Pink and are pleased to be able to offer their network members our new and improved lifetime mortgage which now offers a lump sum option as well as a draw-down facility. The products are available to homeowners aged between 55 and 84 with a minimum property value of £100,000”.


Support for FSA to regulate secured loans

Loan Options says it supports the Association of Finance Brokers’ call for the Financial Services Authority to regulate the secured loan market.

Shades of red

Mole knows those folk at Pink Home Loans take their job very seriously, but it was surprised to hear that they are so committed they go to work wearing pink attire every day.

BSA urges borrowers to contact societies over arrears

Hard pressed borrowers struggling to meet their mortgage repayments need to contact their building society as soon as possible – that is the advice from the Building Societies Association as the FSA publishes data on mortgage arrears.The BSA says societies have a wide range of techniques that they can use to help ensure that wherever […]


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