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Pink teams up with BDS Secured Loans

Pink Home Loans has added to its current secured loan offering with BDS Secured Loans.

Specialist packager BDS Secured Loans provides loans up to 95% LTV from a panel of lenders, on loans from £5,000 to £100,000.

Pink’s appointed representatives can now use BDS Secured Loans’ online sourcing tool to complete an online agreement in principle, and access a list of products available for their clients.

Pink ARs that submit a full application pack between now and January 31 2009 will also be automatically entered into a prize draw to win a weekend for two in either Paris or New York.

Neil Hoare, associate director of marketing and IT at Pink, says: “We are pleased to be providing our customers with this facility for their clients. The online sourcing tool means that brokers can source the best deal for their clients whatever their circumstances.

“Having BDS and Colonial on the panel gives a greater choice for Pink ARs and our directly authorised customers. The secured loan market is becoming very mainstream and is a great tool in the broker’s kit bag.”

Mark Clinton, managing director at BDS Secured Loans, adds: “We are delighted to be able to offer our services to one of the highest profile mortgage networks. The feedback following the launch of our new sourcing system has been fantastic and bodes well for a successful relationship between us and Pink.”


Government proposals are negligent

Last week the government unveiled a package of measures to rescue the housing market. The Stamp Duty threshold has been raised from £125,000 to £175,000 for one year. Housing associations can now buy homes from borrowers facing repossession and rent them back. They can offer shared ownership deals too.

ANALYSIS: Show of strength from Nationwide

The Nationwide has flexed its muscles again and swallowed up rivals the Derbyshire and the Cheshire, to make it the undisputed super-power of the mutual world.

Short-term tinkering

Connells Survey and Valuation brands the rescue plan short-term tinkering and says the government must pave the way for lenders to recapitalise their balance sheets.


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