View more on these topics

Pink launches broker deals with A&L

Pink Home Loans has launched two fixed rate broker deals with Alliance & Leicester starting from 3.79%.

The first product is a two-year fixed remortgage product at 3.79% up to 75% LTV and up to £550,000.

It includes free valuation and either a mortgage transfer service or £200 cashback.

The second deal is a two-year fixed homebuyer product at 3.99% with free valuation and no arrangement fee.

Neil Hoare, sales and marketing director at Pink, says: “Given that the Bank base rate is at an all time low, many home owners and prospective ones are now starting to take the plunge to fix their mortgages and two-year fixes in particular are very popular.”

Adrian Whittaker, key accounts director at Alliance & Leicester intermediary sales says: “It is important that A&L not only supplies strongly priced products to the broker market, but also products that fit the changing needs of their clients.

“At present fixed rate mortgages are in high demand and we are pleased to be able to offer deals that give brokers a competitive advantage in a difficult market.”


The repossession crisis then and now

During a recent conversation with a senior figure from a large lender, I outlined my analysis of where lenders went wrong in their handling of mortgage arrears in the last repossession crisis in the 1990s.


News and expert analysis straight to your inbox

Sign up