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Pink customers gain access to Gravity

Pink Home Loans’ customers have been given access to sub-prime sourcing system Gravity.

The system, marketed by Pink’s subsidiary BDS Mortgage Group claims to be able to inform the broker of products available if a case falls just outside of criteria.

When a product is selected it also lists the near misses which enables the adviser to have more flexibility in finding the correct product for the client.

Bob Hope, sales and marketing director at BDS Mortgage Group, says: “The system is web-based so it is updated online which ensures that the products are completely up to date.

“Speed is of the essence and cases are assessed within two hours of receipt when brokers can then request a full DIP – making it possible for them to attain an agreement from a lender in just a day.”


CML calls on government to end tug of war with lenders

Michael Coogan, director general of the Council of Mortgage Lenders says current policy objectives are conflicting and incoherent and lenders are falling victim to the government’s tug of war games. Coogan, says: “To different degrees lenders are facing conflicting pressures to recapitalise against possible future losses, service government’s preference shareholdings at 12%, pay a premium […]

Action is better than inaction

In recent weeks we have seen a number of legislative changes designed to reduce the number of repossessions.

We have a future, says AFB head

Robert Sinclair issued a rallying call to the secured loan market at the Pancredit/Mortgage Strategy networking event in London last week.


Employers fined £52,500 for auto-enrolment failings

By Jamie Clark, Business Development Manager The Pensions Regulator (TPR) has taken the step of naming and shaming employers that have been served County Court Judgments (CCJs) for non-payment of auto-enrolment fines. We take a look at what this means for employers, their employees and advisers Shamed into action? Sixty-four employers have been served CCJs […]


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