In addition to this, Pink has extended the summer campaign for a limited period and will continue to pay a 1.5% proc fee for medium and heavy adverse cases with branded lending partners, First National, GMAC-RFC and Mortgages Plc.
Dev Malle, sales director at Pink Home Loans, sayid: “This is a double whammy, not only as the client is paying no upfront fees, the intermediary is receiving a very competitive proc fee in recognition for the work involved in medium and heavy adverse case placement. Rates available across the branded lending range are attractive, as they start from as little as 4.09%.”
Eugene Hannigan, partner at Mortgage Direct Solutions, commented: “Pink’s decision to extend its summer campaign which increased selected proc fees to 1.5%, on top of it’s no up front fees offer, makes it impossible for mortgage intermediaries to ignore. In addition, they have a great range of exclusive adverse products.”
Summary
- Range of free valuation fee products funded by Pink Home Loans branded lenders: First National, GMAC-RFC, Mortgages Plc and Platform
- Designed exclusively for medium to heavy adverse sector
- Designed exclusively for a selection of near prime products
- Offer excludes:- First National Near Prime, First Time Buyer, Ultralight and Light range. Mortgages Plc Crystal residential and Buy-to-let near prime and near prime plus and Crystal Right-to-Buy near prime and near prime plus
- No valuation or administration fee
- Free valuation and free admin fee valid from 26 September 2005 to 31 December 2005
Other
- Free valuation, includes the £90 admin fee (and £50 rental assessment fee for Buy to let applications) up to the value of £410
- Free valuation only applies to standard mortgage valuation reports
The free valuation applies to the first valuation report and not any subsequent valuations that may be required
