View more on these topics

Pink adds Stroud & Swindon to lender panel

Pink Home Loans has added Stroud & Swindon and its subsidiary Stroud & Swindon Mortgage Company to its direct submission lender panel.

Stroud & Swindon is an independent top 15 building society that has made both its prime building society mortgage products and its evolve range of sub-prime mortgages available to Pinks introducers.

The evolve product range offers a choice of two discounted or fixed rates with clear and easy criteria. Self-cert is available up to 80% for self-employed only. Free legal and valuation fees are available on re-mortgages.

Other key product features include free higher lending charge to 85%, overpayments without penalty (25%) and no early redemption charge overhang.

Nic Ekin, lender relationship manager at Pink, says: “Stroud & Swindon is a welcome addition to Pinks extensive direct lender panel, as it offers excellent service for the introducer and ultimately the client and rates from 5.84% from the evolve range. It also offers clients who have conducted their mortgage account satisfactorily over the last three years the opportunity to move onto a clean deal.”

Richard Scott, intermediary sales manager at Stroud & Swindon, adds: “We are pleased to have launched both our prime and sub-prime evolve product ranges with Pink and look forward to working with them”.

Recommended

MPLC, not anti cascade systems

Mortgages PLC has clarified its stance regarding cascade underwriting following a press release issued last week in which it urged intermediaries to exercise caution when using cascade systems. The lender has also received a number of messages of support from key distributors in the market, including Pink, Genesis, and Enterprise.Peter Beaumont, sales & marketing director […]

Brokers could win 250 for their HIP feedback

Intermediaries could win themselves 250 by offering feedback on Home Information Packs for Pink Home Loans’ eighth Pink 1000 Index Survey. The survey runs from November 24 to December 2 and intermediaries taking part in the survey will automatically be entered into a prize draw to win 250 worth of vouchers of their choice. The […]

Halifax survey reveals house prices increase by 1.2%

The Halifax Housing Index for November shows house prices increased by 1.2% meaning, overall, prices have increased by 4.7% over the past six months.On an annual basis, house prices are up 4.5%, significantly below the 16.8% annual growth rate recorded in November 2004. However, the number of mortgage approvals to fund house purchase increased for […]

Time to dust off your contacts book

It remains uncertain how the advent of HIPs will affect the average mortgage broker but at least it is an opportunity to refresh contacts with local property professionals, says Sue Read

India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.

Newsletter

News and expert analysis straight to your inbox

Sign up