Pink Home Loans has launched a range of products aimed at clients with impaired credit histories.Funded by Platform, the products offer borrowers assistance with legal fees as well as free valuations. With purchase mortgages, clients will receive 200 cashback and free valuations while clients wanting to remortgage have the choice of free legals provided they use legal firm Conveyancing and Remortgage Solicitors, or 200 cashback if they use their own solicitors. Rates start at 4.95% for near prime and minor adverse ranges, with all ranges offering LIBOR trackers or fixed rates. The products also benefit from a number of criteria improvements such as enhanced income multiples and lower employment and trading requirements for self-employed clients. Dev Malle, sales director at Pink, says: “Pink has a close relationship with Platform so it has been able to work with it to create a competitive product range. “We’ve put some of our own legal fees back into the products to allow our brokers to offer their clients assistance with legal fees. “Not only will they benefit from being able to offer these exclusive products, they will also benefit from 24-hour payment of commission once cases have legally completed.” Richard Beardshaw, head of sales at Platform, says: “I am delighted that Platform has been able to work with Pink to provide these products for the sub-prime market.The exclusives we have launched with Pink in the past have proved successful and I’m confident this range will be as popular.”
The Mortgage Times Group has launched an exclusive prime buy-to-let flexible two year tracker on purchases and remortgages in conjunction with UCB Home Loans.The rate is Bank base rate + 0.59% for two years at 5.09%, up to 85% LTV. There is a free valuation on purchase only, a minimum loan size of 150,000 maximum […]
BM Solutions has launched a new selection of products across its sub-prime and self-cert sub-prime ranges.Rates in the sub-prime range include: 5.45% three year tracker, available at 90% LTV with free valuation 5.99% two year tracker, available at 90% LTV with free 500 cash backRates in the self-cert sub-prime range include: 5.65% three year tracker, […]
Millions of UK home owners could be undervaluing their possessions by tens of thousands of pounds, according to Norwich Union.
From Lee Martin I follow with interest the ups and downs related by Sue Read in her regular articles. In a recent column (Mortgage Strategy June 12), she spoke about lenders who promise one thing and deliver another. I’d like to make a suggestion to Sue. I use MortgageStream to handle all my mortgage administration. […]
The UK loves an underdog. There is something irresistible about the story of the little guy standing up to the established players and leaving them with a bloody nose, whether it is Henry Cooper putting Muhammad Ali on the mat or the Wallabies trouncing the Kiwis in rugby. At the Conservative Party conference, LendInvest championed […]
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