The campaign, which now runs until 29 April 2005, is valid for a selected range of sub-prime remortgage products funded by the lenders on Pink Home Loans’ branded panel - Mortgages plc, GMAC-RFC, Platform and First National.
The campaign offers a free valuation and free legal fees which are funded by Pink Home Loans. In Scotland and Northern Ireland a £250 cashback is paid on completion to the client towards their legal fees.
The campaign was initially launched in January 2005 to cater for the anticipated increase in demand for remortgages within the sub-prime sector.
Dev Malle, associate director at Pink Home Loans, says: “We launched this campaign because we could see that a rise in the remortgage market was more than likely as the purchase market began to slow down. Demand for the products included in the campaign has been high, as borrowers have no valuation or legal fees to pay. In a competitive market there are many sub prime remortgage offers, brokers particularly like this offer as it is across a range of remortgage products for all our branded lending partners giving them more choice for their clients.”
Nick Triniman from The Mortgage Market Place commented: “The fact that Pink offers fees assisted across 4 lenders and a range of products means that I rarely find a sub prime remortgage case that can not be accommodated. This is an excellent deal for the client and I am delighted Pink is extending the offer.”
Summary
- Selected range of fees assisted remortgage products funded by Pink Home Loans branded
- Offer designed exclusively for the sub-prime sector
- No valuation or administration charge and no charge for standard legal fees (England and Wales) when Davisons Solicitors are used
- No valuation or administration charge and £250 cashback paid directly to the borrower (Scotland and Northern Ireland)
- Broker commission: 1.25%
- Promotion valid to 29 April 2005
