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ink Home Loans launches exclusive heavy adverse range

Pink Home loans is launching a heavy adverse exclusive 1% discount product with 500 cashback, in association with Amber Homeloans.

The initial pay rates start from 5.33% discounted until October 31, 2006, the products are available for both full status and self-cert applications with unlimited county court judgements and arrears, with 500 cashback payable on completion.

David Copland, marketing director at Pink, says: “This product range offers intermediaries the opportunity to remortgage their clients with adverse credit on to a lower rate whilst benefiting from the 500 cashback to assist with associated costs.”

Mike Perry, associate director, sales and marketing at Amber Homeloans Ltd, says: “We are very pleased to be able to provide this range of heavy adverse products exclusively via Pink, with both packaged and direct options. Product options are available up to 85% LTV and no higher lending charge is payable.

“The launch of this range further enhances the close relationship we have developed with Pink, established with the launch of the Parachute product.”


One in three financial promotions still not meeting MCOB3

Lemon Squeezy Marketing Limited, the mortgage marketing specialist, has reported that many brokers remain at best ignorant or at worst indifferent to the Financial Service Authoritys regulations on financial promotions.Having conducted their own research into financial promotions, Lemon Squeezy found that one in four press adverts failed to meet MCOB3 regulations, whilst the picture with […]

Saffron goes live with xit2’s online valuation solution

Saffron Walden Herts & Essex Building Society has turned to xit2, the experts in outsourced process management, to provide them with an online system to manage their external valuations.The Valuation Exchange developed by xit2 streamlines the valuation instruction process, and can halve the time taken to instruct the valuation. This time saving is continued throughout […]

Post Office Home Insurance warns consumer apathy costs

Research by the Post Office Home Insurance has found that consumer confusion and apathy could be costing the nations homeowners millions of pounds each year, with mortgage lenders cashing in on uncertainty over home insurance.The research found that nearly four in 10 (39%) homeowners purchased their buildings and/or contents insurance through their mortgage provider, despite […]

90% LTV buy-to-let deal unveiled

Advantage Home Loans has launched a Kensington near prime max mortgage with up to 90% LTV which is also available on buy-to-lets. It has discounted rates from 4.35%, and fixed rates from 4.60%, available for self-cert and Right to Buy. Roy New, sole trader, says: “Up to 90% LTV is excellent for buy-to-let and a […]

Life after the CML

By Roy Armitage, head of credit at LendInvest Last month saw three-quarters of the membership of the Council of Mortgage Lenders (CML) vote in favour of plans to create a super-trade body, which would see the CML merge with the likes of the British Bankers’ Association and Payments UK. There is little room for misty-eyed […]


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