Financial Services Industry
Industry: Email Alert RSS FeedPink Home Loans.
Financial Adviser, September, 2007
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Type: Three-year stepped discount mortgage.
Description: Pink Home Loans is launching a fees-assisted three-year stepped discount product aimed at the intermediary market for re-mortgage clients.
Conditions: It is funded by Furness Building Society and has a headline rate of 5.09 per cent, which is discounted in year one to 2.60 per cent off standard variable rate, to 1.90 per cent in year two and 1.30 per cent in year three.
Contact: www.think-pink.co.uk
Verdict
With many borrowers facing a much publicised payment shock as their relatively cheap fixed-rate deals come to an end, this product looks set to mop up some of those who choose to re-mortgage....
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