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Pink launches fixed rate B2L products

Pink Home Loans has launched a shared exclusive fixed rate buy to let product range in association with Mortgage Trust, which offers initial pay rates from 4.55% fixed until January 31 2009.

The 4.89% fixed until January 31 2008 offers a competitive low rate, a reduced arrangement fee and the rental income is calculated using the product rate.

David Copland, marketing director at Pink, says: These fixed rate buy to let products are market leading.

“This is excellent news for landlords, as the rental yield requirement is 125% of the mortgage interest calculated at the product rate selected, which is available as low as 4.55%.


TV comic gets serious with a career in home finance

Comedian Nick Hancock has spoken exclusively to Mortgage Strategy about mortgages, regulation and his new job in the industry. Hancock, best known for TV programmes Room 101 and They Think It’s All Over, has joined south Yorkshire-based Earth Mortgages as sales and marketing director, saying he’s in it for the long run. Hancock feels it […]

Money partners reduces rates

After the recent three-month LIBOR reset, specialist lender Money Partners Limited has dropped its variable rate to 4.65% effective from September 1, 2005.This means that both discount and variable rates have been reduced for the second time in just four weeks, with a one-year discount on Money Partners’ new Premier product now starting at 4.05%.There […]

TMB IT glitches are affecting my clients’ credit profiles

From Andrew Forsey The Mortgage Business’ computer problems are affecting my clients’ credit profiles. Recently, two have been declined for new mortgages with another lender as they are shown as having missed payments in the past 12 months with their lender, TMB. This has come about because, during TMB’s switch to its new computer system, […]

Let’s form a united front to market the industry

For more years than I care to remember I have called for less fragmentation in the mortgage industry. I am convinced this can be achieved by a certain measure of unification but without creating a cartel.


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