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.