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Pink Home Loans – Precise Mortgages Near Prime Libor Tracker 5.29%

Pink Home Loans – Precise Mortgages Near Prime Libor Tracker 5.29%

Type: Adverse credit capped tracker mortgage

Tracker term: Until December 31, 2012

Tracker rate: 4.54% above Libor

Payable rate: 5.29%

Capped term: Until December 31, 2012

Capped rate: 7.29%

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 in the last 36 months, no arrears in the last 12 months but up to one month’s arrears in the last three years 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



Close Bros sell offshore business

Close Brothers has sold its trust, fund administration, asset management and banking business in the Channel Islands and the Isle of Man to Kleinwort Benson Channel Islands Holdings for £29.1m. The price is subject to adjustment depending on the businesses net assets at the time of completion which is expected by the end of the […]

Aviva chief allays fears over impact of gender pricing ban

Aviva group chief executive Andrew Moss has played down fears that insurers will significantly cut male annuity rates following the European Court of Justice ruling banning gender pricing. Last week, the ECJ agreed with advocate general Juliane Kokott’s opinion that using gender as a factor when pricing insurance policies is discriminatory. It has banned UK […]

Caerus launches first investment funds

Caerus has launched its first low-cost investment funds. The IM Caerus Portfolio Dynamically Rebalanced Portfolio (DRP) funds will carry a 0.25 per cent annual management charge for the retail share class and will look to access asset classes primarily through ETFs. The four funds will be managed by Evercore Pan Asset. Caerus chief executive Keith […]


Access points

Should the Government allow early access to pension funds to encourage greater take-up?


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