View more on these topics

Pink Home Loans launches branded lending with First National

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.

Benefits include:
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.”

Recommended

Rates drop on children’s bonus bonds

Rates on National Savings and Investments’ next issue of children’s bonus bonds is dropping from 4.45 to 4 per cent.The rate on the next tranche, launching on 1 February, reflects continued weakness in the gilt market. The rates had previously been at 4.45 per cent since August.

Opening balance from Framlington

Framlington has opened its institutional managed balanced fund to retail investors 12 years after the fund was introduced.The fund was originally an exempt unit trust used by Framlington’s own defined benefit pension scheme. Framlington believes the fund fills a gap in its retail range, so decided to create a retail share class rather than establish […]

Tom baigrie on protection

To reproduce a quote from a client in The Sunday Times recently: “I wanted to pay the lowest possible premiums but get the best possible cover. I felt it was a much better option to ask the experts than try and search the market myself. I would now always advise my friends and family to take advice. Any rules that lift the standard of advice available when you buy insurance policies can only be a good thing for consumers.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment