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Pink launches self-cert fixed deal

Pink Home Loans has launched a self-cert fixed rate product funded by Platform.

The product offers a fixed rate of 4.95% until March 1 2008, up to 85% LTV, with 0.25% cashback and no early repayment charge overhang or higher lending charge.

Nic Ekin, lender relationship manager at Pink, says; “This exclusive self-cert rate of 4.95% fixed until March 1 2008 is fantastic and has a 0.25% cashback, which will benefit clients who are either purchasing or remortgaging a property.”

Ian Harris, director at Harris Begley Ltd, says: “This market leading deal will be ideal for customers who require an attractive rate but want the added benefit of a cashback.

“I have always found the application process to be smooth when dealing with Pink. There is a Platform underwriter based at their offices and this gives me peace of mind, as I always want my clients to receive the best service available.”

Paul Hunt, head of marketing at Platform, says: “We are delighted to offer such an attractive product via Pink giving borrowers not only a sub 5% rate but also a 0.25% cashback as well.

“Our experience shows that intermediaries prefer two year fixed rates more than anything else in the self-cert market at present and so we expect demand for this new product via Pink to be high.”


Sourcing systems under fire

The industry’s main sourcing systems have come under fire for holding product providers over a barrel. Last week, Simon Mouncher, operations director of em-financial, wrote to Mortgage Strategy about Trigold. Mouncher complained that despite paying the sourcing system high fees, lenders not only have to list products once they have been keyed in but also […]

Equifax launches anti-fraud tools

With estimates that the direct and indirect costs of corporate ID fraud could be as high as 50m per annum, business information expert Equifax is tackling the problem with new anti-fraud tools.Working in close partnership with the Metropolitan Polices Stirling initiative launched earlier this year, Equifax has introduced two services designed to bring increased protection […]

CML’s pre-Budget Treasury submission

As mortgage lenders approach the first anniversary of the regulation of their industry by the Financial Services Authority, the Council of Mortgage Lenders has emphasised to government that this is only one of a broad range of regulatory initiatives currently affecting lenders and adding costs for their customers. In its pre-Budget submission to the Treasury, […]

African fraudsters target UK property market

West African fraudsters are inviting people to invest in a property purchasing scheme, in a new take on the classic Nigerian scam. An email entitled ‘I need a good property manager’ was sent to Mortgage Strategy from a Matthew Opara, allegedly a Nigerian former local government chairman who now specialises in private shipping. Opara writes […]


Neptune video: UK economy: a sustainable recovery?

After years of a slowly brewing economic recovery, the UK has seen a strong rise in growth in recent months. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses the strength of this recovery and whether it is sustainable.

In the video, Martin addresses the following:

• Structural features supporting the UK economy
• UK mid-caps and the potential for M&A activity
• Valuations and opportunities in house builders


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