The 3 year fixed rates are available up to 95% LTV and starting from 6.14%. The products are fees assisted, with a free standard valuation and £200 cashback and are available for both purchases and remortgages.
Available across the board to first-time buyers, the employed and the self employed, the mortgage carries a £695 arrangement fee and a Higher Lending Charge (HLC) will apply to loans over 90% LTV.
The rates are also available for right to buy (RTB) purchases up to 85% LTV and an additional RTB insurance fee of £125 - which can be added to the loan - is compulsory on remortgages and is optional for purchases.
Platform will accept up to £500 of County Court Judgements and ignores CCJ’s of less than £100 (satisfied or not), satisfied more than 6 months ago or registered more than 2 years ago, satisfied or not. Defaults and all arrears over 12 months are ignored.
David Copland, deputy managing director at Pink Home Loans, said: “I’m sure that these competitive 3-year fixed rates, funded by Platform, will be welcomed by intermediaries who have clients with marginal adverse looking to secure a competitive rate without incurring all of the associated fees”.
Paul Isaacs, corporate relationship manager for Platform, added: “This new exclusive is testament to the ongoing relationship Platform maintains with Pink. The product has been designed with Pink’s membership needs at the forefront of our minds. We are confident that the features of this product will be a winner”.
