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Pink Home Loans – Precise Mortgages Near Prime Libor Tracker 4.99%

Pink Home Loans – Precise Mortgages Near Prime Libor Tracker 4.99%

Type: Adverse credit capped tracker mortgage

Tracker term: Until December 31, 2012

Tracker rate: 4.24% above Libor

Payable rate: 4.99%

Capped term: Until December 31, 2012

Capped rate: 6.99%

Minimum loan: £25,001

Maximum loan: Up to 80% of valuation subject to a maximum of £300,000

Income multiples: Based on affordability

Conditions: One default up to £500 allowed in the last 36 months, no CCJs and no arrears allowed, applicants must have a clear credit record for three months prior to application, available only to Pink appointed representatives

Arrangement fee: £1,495

Redemption fee: None

Introducer’s fee: 0.6% of the original loan




Private equity firm acquires UK Wealth Management

Private equity firm Duke Street has acquired a majority interest in IFA UK Wealth Management for over £10m and is set to make a number of acquisitions. UKWM was previously known as Yorkshire Investment Group until its rebrand  in January which saw Lynn Coleman, who formerly ran Co-op’s IFA division, promoted from managing director to […]

M&G profits rise 19 per cent

M&G Investments has made an operating profit of £284m in 2010, up from £238m in 2009. The 19 per cent increase primarily reflects strong net inflows, including increased sales of higher margin equity products and improved equity markets. The group has seen net inflows of £9.1 billion over the course of last year, the second […]

MEPs speak out against gender pricing ban

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Lipper warns on short-term investing

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Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]


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