Pink shared ownership product improved
www.moneynews.co.uk > Pink shared ownership product improved
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Money News |
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Pink shared ownership product improved
Thu 3rd Nov 2005
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The three-year discount product, which is offered in association with Mutual One, is funded by Ipswich Building Society.
David Copland, market director at Pink, spoke of other benefits offered to customers: "The product offers no up-front fees, requires no deposit and offers a competitive rate."
The Pink shared ownership product has an initial pay rate of 5.65 per cent, and customers can pay up to 50 per cent of the original amount back without incurring a charge.
Furthermore, the product offers shared ownership customers a loan-to-value (LTV) of 100 per cent, and a 75 per cent LTV for homebuyers.
