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New tracker from Pink and TMB

Pink Home Loans has launched an exclusive, flexible tracker offering an initial pay rate of 4.94%.

The product is funded by The Mortgage Business and offers a discount of 0.55% until January 2004

David Copland, sales and marketing director at Pink Home Loans, says: “This deal combines two of my favourite mortgage features – transparency and flexibility. Last week, the Bank of England Monetary Policy Committee agreed for the 12th month running to keep interest rates at 4%.

“This product takes advantage of such decisions and offers a competitive initial pay rate of 4.94%. Flexibility also puts borrowers firmly in control of their finances and gives them the opportunity to save money on their mortgage in terms of reducing the level of interest repayments.”


GMAC-RFC completes £60m portfolio sale to Derbyshire Home Loans

GMAC-RFC has announced the completion of a portfolio sale worth £60m, made up of fixed and discounted mainstream mortgages and self-certification loans. The “whole loan” sale was acquired by Derbyshire Home Loans, a subsidiary of The Derbyshire, one of the UK&#39s top 10 building societies. The deal is the second this year between the two […]

Packager set to launch £3m incentive Scheme to introducers

Sub-prime mortgage packager The Finance Centre has launched a £3m intermediary incentive scheme.The Finance Centre is in the process of distributing some 8,000 vouchers – worth a minimum of £250 and a maximum of £449. And intermediaries cashing in on the voucher could be £699 better off – providing they complete at least two sub-prime […]

ONESEARCH Direct welcomes sellers&#39 packs

ONESEARCH Direct, the UK&#39s fastest growing online local search service, has welcomes the proposals outlined in the Queen&#39s Speech to launch sellers&#39 packs. Managing director Ronnie Park says: “Sellers&#39 packs are an important development and it will be interesting to see how they span out across England. “The process of buying and selling homes in […]

IFS scores low marks from candidates – again

Up to 200 successful CeMAP candidates were wrongly told they had failed their exam following marking errors at the Institute of Financial Services.The mistakes were unearthed by an audit of a new question bank installed on September 2002. Checks found that the computerised marking system was making errors on two questions in CeMAP paper three […]

Naming a reward programme

Six tips to get your reward programme name right

by Debra Corey, group reward director  Choosing a name isn’t easy. Whether it’s for your new puppy, a bundle of joy or your reward programme, a name determines a first impression – and often a lasting memory. When it comes to your reward programme, the name will determine how your employees feel about it even before […]


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