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Pink offers B2L deal at 5.19%

Pink Home Loans has unveiled an 89% LTV buy-to-let product funded by GMAC-RFC.

This product offers an increased LTV up to 89%, a competitive rate of 5.19% fixed until January 1 2009. The product is available for purchases only and has no higher lending charge or early repayment charge overhang.

Dev Malle, sales director at Pink, says: “This is a fantastic opportunity for investors to either add to their property portfolio or become a new landlord, as the increased loan to value will make a difference to the reduced amount of deposit being required.”

Tim Russell, director at Storm Mortgages, say: “There is certainly a demand for increased loan to value bands for buy-to-let deals. This product not only offers the facility of an 89% LTV but also offers a competitive rate of 5.19% fixed until 1/01/2009. I think first time investors who have small deposits will be attracted to this product.”


Don’t blame the mis-selling leeches

Following negotiations with Endowment Justice, a legal representative of intermediaries, Bradford & Bingley has done a U-turn over its refusal to deal with complaint handling companies. I don’t know about you but I can’t make up my mind whether I’m pleased or disappointed.

Britannia launches two-year fixed rate mortgage

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Spooks don’t scare off buyers

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