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Mortgage plc panel in the Pink after signing Skipton packager

Skipton Building Society-owned mortgage packager Pink Home Loans is joining Mortgages plc&#39s Premier panel of lenders.

The non-conforming lender set up the panel in June with 12 members, including The Mortgage Operation, Mortgage 2000, Mortgage Next, Packaging Centre and Solent Mortgages.

Mortgages plc says the new addition to its panel will help it develop its core product range and exclu-sive products.

Pink Home Loans is one of the UK&#39s biggest mortgage packagers and specialises in designing mort- gage products for distribution through the intermediary channel.

Mortgages plc sales and marketing director Paul Howard says: “Having strong relations with the major mortgage players is essential. Through close relationships with our packagers, Mortgages plc can ensure it continues to offer high quality and innovative products.”

Mortgage packaging network Exclusive Connections is launching a flexible mortgage with a 1 per cent discount for six months from its Horizon Mortgage range.

The mortgage allows under-payments, overpayments, payment holidays and cash drawdown.

Other benefits include up to 95 per cent loan to valuation and no redemption charges or tie-ins.

Exclusive Connections marketing director Patrick Day says: “This very flexible mortgage is suitable for those wanting to benefit from the overpayment and under-payment options. The minimum loan value is £40,000 and is available for purchase and remortgage. Introducer broker fees are 0.6 per cent of the loan.”

Pink Home Loans sales and marketing director David Copland says: “We are delighted to begin this association with Mortgage plc and we look forward to working closely with them.”

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