The exclusive range, launched in July 2002, has been updated to reflect the changes to their own product range. The Crystal range has the added advantage of being linked to Bank base rate, making the product completely transparent for the client.
The sub-prime offering has been developed to include an increased number of options – from the new Near Prime and Super Light adverse choices to the traditional Light, Medium and Heavy options.
For each category, the amount of adverse credit permitted has been standardised to provide further clarity and the new discount rates are also more straightforward with initial pay rates from only 3.75%.
David Copland, sales and marketing director at Pink Home Loans commented: “The Crystal range has proved a great success and these changes, in addition to the recent reduction in Bank base rate, has made the range even more attractive. The transparency of an underlying rate set at Bank base rate allows greater understanding and the introduction of the new categories enhances the options available.”
