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MortgageBox launches tracker deals

Mortgagebox has launched three two-year buy-to-let tracker deals with BM Solutions and has increased proc fees from 0.5% to 0.55% for a limited period.

The exclusive products from MortgageBox, which is dedicated to directly authorised intermediaries, include a 4.75% two-year tracker at base rate minus 0.5% with a 1,499 fee.

There is also a 4.99% two-year tracker at base rate minus 0.26% with no early repayment charges and a fee of 2,499.

Finally, there is a 5.44% two-year tracker with a fee of 999 and a 110% rental calculation.

Dev Malle, director of mortgage distribution at Personal Touch Financial Services, says: “We know from experience it is a powerful combination when you mix great deals for clients with increased fees for the work the intermediaries do.”


Pink lending and AR numbers boom

Pink Home Loans has revealed a 57% increase in lending to £5.5bn in 2006, while profits reached £1.3m. During 2006, the network also saw a 137% increase in its number of app-ointed representatives compared with figures at the end of 2005. The sharp rise in the number of ARs comes after Pink revealed it was to […]

Maltby quits Kensington

John Maltby has quit Kensington Group and Alison Hutchinson will replace him as chief executive officer.In a statement to the stock market the Kensington board stated it had “reaffirmed the importance of Kensington Mortgages as a leading specialist lender in the UK, which is the fundamental cornerstone of the future of the Group.Following a strategic […]

Conveyancing service for IFA

Convex Conveyancing is to roll out its conveyancing service to independent financial adviser The Clarkson Hill Group. Duncan Samuel, managing director at Convex, says: “We are confident that clients and advisers will benefit greatly from using our system.”

New entrants must have new ideas

A number of high street lenders have recently publicised their intention to muscle in on the specialist and intermediary markets, launching product ranges and specialist divisions for this purpose.


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