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Pink unveils B2L semi-exclusive

Pink Home Loans has launched a semi-exclusive fixed buy-to-let product in conjunction with Paragon. The product offers a headline rate of 3.95% fixed until February 28 2007.

It is available to first-time buyers, professional landlords, portfolio applications and limited companies and is also available for single properties or portfolio purchases.

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Many brokers dissatisfied with compliance support services

many intermediaries are not satisfied with the compliance support service they receive from their providers, a survey by Pink Home Loans has found. Pink’s 1,000 Index Survey finds that almost one-fifth of intermediaries think the service they get is poor. The survey, completed by 1,000 intermediaries that have been registered with Pink at some point, […]

Elderly in debt

Worrying evidence has emerged that increasing numbers of older people are struggling to service debts including mortgages. Age Concern Enterprises – the financial services arm of the UK’s charity for older people – warns that at least one in 10 enquirers calling its equity release helpline are cash-strapped home owners.

Brokers say MEX should have named dodgy BDM

An overwhelming 73% of the industry says Mortgage Express should have named and shamed the business development manager found to have been advising brokers how to mis-sell self-cert mortgages. While MEX withheld the name of the individual involved for the sake of their career, it seems brokers take a dim view of anyone or anything […]

Buy-to-let yields rise in South-East and London

Paragons October buy-to-let Index shows yields have risen in the South-East by 0.8% and in Greater London by 0.1%. Out of the 10 regions, the South-East and Greater London have consistently displayed the lowest yields due to higher property prices, yet yields have risen in both regions this month on the back of higher rental […]

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