Pink Home Loans is launching a branded lending agreement with First National, a GE Company.
The tailor-made portfolio is available now.
The agreement between the two will provide bespoke products for borrowers with a history of adverse credit.
Lower initial charge rate with no change to ERCs.
Discount and fixed rate options.
A new “near prime” range.
Rates start from 5.14 per cent.
An underwriter has been introduced to Pink’s offices to create a more streamlined system for processing and issuing offers for First National applications.
Pink, a UK mortgage distributor is a wholly owned subsidiary of Skipton building society.
Pink managing director Tony Jones says: “Co-branded partnerships enable lenders to establish solid long term relationships with key players in the mortgage market and we’re looking forward to developing and strenghtening our relationship with First National.
First National chief commercial officer Sean Webb says: “We believe packagers will continue to play a key role in the distribution of specialist products. The continuation of branded lending partnerships will be a big part of this, enabling them to work with centralised, specialist lenders to be more responsive in delivering to customer needs.”