View more on these topics

Pink launches fixed buy-to-let with Paragon

Pink Home Loans has launched a semi-exclusive fixed buy-to-let product in conjunction with Paragon. The product offers a competitive headline rate of 3.95%, fixed until February 28 2007.

The product is available to first-time buyers, professional landlords, portfolio applications and limited companies and is available for single properties or for portfolio purchases.

David Copland, marketing director at Pink, says: This product is ideal for the experienced investor wishing to make improvements to a new property prior to renting it out. The low headline rate allows the client to prepare the property for the rental market without having to fund a hefty mortgage repayment whilst the property is not benefiting from generating income.

Copland adds: The intermediary will also benefit from sales of this product, as all applications submitted to Paragon before November 30 2005 and completing by March 31 2006 will receive an additional 0.25% commission, providing a win-win situation for all parties.

Dean Lawson, principal at Hannant Lawson, says: “What a welcome addition to an already competitive buy-to-let market place. At a time when service levels are an issue within the industry, it is an added bonus that the deal offered by Paragon, who are renowned for their excellent service standards.”

Recommended

Brokers should look to their own shortcomings before blaming lenders

From Jonathan Burridge Most lenders’ service is poor. Some are terrible and few are good. Look at the evidence. In the trade press recently Ricky Okey of Abbey said Your Move had noticed a “dramatic improvement” in Abbey’s turnaround and GMAC-RFC stated that 79% of brokers said its service was “better than average”. Hardly impressive […]

Change the locks

Bradford & Bingley is recommending home owners change their locks as soon as they move into a new property as this is the only way to be 100% sure of knowing how many keys there are to the property.

Lenders must exploit offset market potential

Lenders must make some strategic moves if they want to exploit the growth potential in current account and offset mortgages, says a report from Datamonitor. The report says the CAM and offset market was worth an estimated 29.2bn in 2004, up from 4.2bn in 2000 – a market share of 10%. The sector is predicted […]

Consumer Credit Bill doesn’t protect consumers

The government is failing to protect consumers fully with its Consumer Credit Bill, which begins its second reading in the House of Lords on Monday October 24, warn credit information experts at checkmyfile.com.The Bill seeks to update the 30-year-old Consumer Credit Act by tackling problems the government has identified, such as forcing credit providers to […]

Newsletter

News and expert analysis straight to your inbox

Sign up