Pink Home Loans offers a residential mortgage with 2 per cent discount

The product offers a low headline rate of 4.49 per cent, which is calculated at standard variable rate minus two per cent to 1 September 2007 when it reverts to standard variable rate. It is available up to 90 per cent loan to value.

Right to buy applications are acceptable up to 85 per cent of the open market value and there is no higher lending charge up to 90 per cent loan to value.

The applicant is entitled to £100 off the valuation fee as part of Pink Home Loans summer sale, which applies to all branded lending packaged products.

Key selling features

Low headline rate

Right to buy accepted up to 85 per cent of the open market value

No higher lending charge up to 90 per cent LTV

First time buyers accepted

£100 off valuation fee on all branded lending packaged products

Product details

Funded by: Pink Home Loans funded by GMAC-RFC

Product: Residential: Discount to 01/09/07

Rate: From 4.49% (SVR minus 2% discount to 01/09/07)

Max LTV: 90% LTV up to £350,000

85% LTV up to £500,000

75% LTV up to £750,000

Early repayment charges: 5% amount repaid to 01/09/05, 4% to 01/09/06, 3% to 01/09/07, 2% to 01/09/08, 1% to 01/09/09

Broker commission: 0.35%

Arrangement fee: £395

Other: Packaged submission only