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Pink Home Loans – Freedom Lending On Track Light Full Status

Pink Home Loans

Freedom Lending On Track Light Full Status

Type: Adverse credit tracker mortgage

Tracker term: Life of loan

Tracker rate: 1.54% above Bank of England base rate

Payable rate: 6.04%

Minimum loan; 25,001

Maximum loan: Up to 85% of valuation subject to a maximum of 400,000, up to 75% of valuation subject to a maximum of 500,000

Income multiples: Based on affordability

Conditions: Maximum of 3,000 in CCJs in last three years but none in the last six months, up to two missed payments in last 12 months but none in the last six motnhs, bankruptcy/IVA discharged/satisfied for at least two years, repossessions not acceptable, free legal fees for remortgages, payable rate will reduce by 0.1% every six months provided repaymenst are made on time until rate reaches Bank of England base rate plus 0.84%

Arrangement fee: 599

Redemption fee: 5% of the amount repaid in year one, 4% in year two, 3% in year three, thereafter one months notice or 1% of amount repaid

Introducers fee; 1% of original loan

Tel: 08707 590170


Fund firms link up for boutiques roadshow

Five UK boutique fund managers are lining up a series of joint IFA roadshows around the country for the new year. Liontrust, JO Hambro Capital Management, Old Mutual Asset Managers, SVM Asset Management and Neptune are taking part in the Unique Boutiques roadshow from January 31-February 7 at venues in Harrogate, Manchester, Birmingham, Bristol and […]

Banks could be the losers

I promised last week, with some regret, that I would almost certainly be returning to the Pensions Commission report in this column for a third time in a row.

Bankhall is back with Aifa and pays fees for members

Bankhall is rejoining Aifa and its advisers will now get membership of Aifa paid out of their fees to the firm. The company says the move affirms its commitment to independent financial advice and underlines its support for the work of Aifa’s Chris Cummings and the ombudsman and feel that this will bolster its own […]

Fund managers slam 20% oil charge

The Chancellor’s decision to cash in on oil and double the supplementary North Sea charge on new development from 10 per cent to 20 per cent has been slammed by leading fund managers, who say the move will drive investment away from the UK to more competitively taxed regions.

9 October thumbnail

Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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