The intermediary special rates are funded by Alliance & Leicester and offer incentives and the option of no arrangement fee.
The Remortgage product offers a rate of 3.79% fixed until 31/07/11 and has free valuation and either mortgage transfer service, or £200 cashback. It is available up to 75% LTV up to £550,000.
Whilst the Homebuyer product has a rate of 3.99% fixed until 31/07/11 and offers free valuation and no arrangement fee.
Neil Hoare, Pink’s sales & marketing director, commented: “Given that the Bank Base Rate is at an all time low, many homeowners and prospective ones are now starting to take the plunge to fix their mortgages and 2-year fixes in particular are very popular so these rates should be welcomed by our intermediary customers.”
Adrian Whittaker, key accounts director at Alliance & Leicester Intermediary Sales said: “It is important that Alliance & Leicester not only supply strongly priced products to the intermediary market, but also products that fit the changing needs of their clients. At present fixed rate mortgages are in high demand and we are pleased to be able to offer intermediary specials that give brokers a competitive advantage in a difficult market.”
