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Pink extends commission offer

Pink Home Loans has extended its 10 per cent secured loans commission enhancement until the end of August.

Pink works in partnership with Colonial Secured Loans, a specialist broker offering secured loans from £7,500 to £250,000.

Colonial targets the intermediary market and allows brokers access to a panel of lenders in the niche area of the market.

Business opportunities manager Phil Whitehouse says: “Following the initial success of the campaign, the decision has been made to extend the end date until the end of August 2007 so that even more intermediaries can take advantage of this offer.

“Secured loans are great way for intermediaries to boost their income whilst considering a product that can be a real alternative to a re-mortgage or further advance for some customers depending on their circumstances. The process involved in obtaining quotes and submitting business to Colonial is simple, quick and easy and the commission levels are very competitive”.

Daventry-based mortgage adviser Mike Allen says: “I have been using Colonial for several years and always found their service very personal, speedy and efficient, with a wide range of lenders to choose from. They pay very competitive commissions within 24 hours and I have been able to monitor progress of my cases on their case tracking system.”


Land of the fee-free

Investec, the South African bank, emerged last week as the surprise bidder for Kensington Group with a deal that values the lender at around 283m. Kensington has had a fairly tough time of late and its share price has halved since this time last year but hopefully this acquisition will mark a new chapter for the sub-prime lender. It is good to see that Investec plans to keep and grow the brand.

JP Morgan launches JPM flexible bond fund

JPMorgan Asset Management has launched a JPM Flexible Bond Fund which it claims has the flexibility to maximise returns during all market environments.JPMAM says that unlike most other European bond funds, JPM Flexible Bond Fund is able to invest in all fixed income securities in order to take advantage of the best opportunities in global […]

Trio of fund managers hit the road

JP Morgan, New Star and Schroders are jointly hosting regional roadshows on equities, bonds and property throughout June. The presentations will last around two hours and will earn advisers CPD points. They can register by calling 020 7 225 6092 or emailing JP Morgan managing director for global equities and client portfolio manager John […]

Basket work

Before selecting Ascentric, I scoured the market to see what was around but I was really waiting for clarity from the FSA as to its position on wraps.At the end of last year, the regulator no longer appeared to consider the use of an investment wrap as a compromise to one’s independence.I prefer the independent […]

The savvy consumer

In last year’s FCA thematic review of the mortgage market, one of the key things highlighted was the “savvy consumer”. That’s the client who comes in the door with a very clear idea of what they need and expect you to get them it. They don’t think they need advice, they have after all consulted […]


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