The rate is fixed until 02/03/10 and the deal has a free valuation and free standard legal work.
The product is launched in time for the anticipated 1.4 million consumers with fixed rates coming to an end in 2008 and Pink hopes it will fill a gap in the market.
David Copland, deputy managing director at Pink Home Loans, commented: “We are thrilled to have launched this fantastic fees assisted product with the Abbey, which is priced competitively, particularly for those existing mortgage clients coming to the end of a promotional period, whether fixed or discounted, who wish to remortgage for stability, are looking to consolidate their debts, or wish to raise some extra cash in the New Year.”
Sharon Marshall, key account manager from Abbey for Intermediaries, added: “We are delighted to be offering this exclusive through Pink Home Loans, further enhancing our already fantastic working relationship. This should give a cracking start to 2008."
