Pink launches shared ownership three year discount

Pink Home Loans has launched an exclusive three year discount shared ownership product with Mutual One, funded by Ipswich Building Society.

The product offers a competitive three year discount, free valuation and allows the client to reduce their mortgage balance by up to 50% of the original amount without penalty.

David Copland, marketing director at Pink, says: Pink is continually looking for ways to assist first time buyers to take their first step onto the property ladder and this competitive three year discount with no up-front fees and requiring no deposit offers intermediaries a great opportunity for their clients.

Paul Winter, sales and marketing director at Ipswich, says: Ipswich is delighted to work with Pink to offer a product in the shared ownership market where we have over a number of years been a leading player.

Pink Home Loans has joined forces with Mutual One to provide intermediaries with access to a competitive range of prime products designed by Pink Home Loans in association with Mutual One and the lenders on the Mutual panel and all to common lending criteria.