Rates start from 4.54% for two years linked to Libor and come with a fixed fee starting at £995. The range is designed for people who may be unable to obtain a mortgage from a prime lender.
Neil Hoare, proposition & marketing director at Pink, said: “I’m delighted that Precise Mortgages have delivered a range of mortgage products to meet what has been a tough economic climate for many consumers. They have recognised that not everyone who wants a mortgage has a perfect credit record and in the true spirit of Treating Customers Fairly have delivered a solution to consumers who, over the past few years, may not been able to enjoy wide access to competitively priced finance.
Hoare continued: “Precise has also demonstrated their innovative approach to product design. By ensuring that there are no early repayment charges on these products, customers have realistic opportunity to put themselves into a position to remortgage onto a prime high street product some time in the future when they feel their credit rating has recovered.”
Alan Cleary, managing director of Precise Mortgages, said: “Pink Home Loans have an excellent track record and are a perfect partner for distributing our mortgage products, we are very pleased to be offering exclusive products to their members.“
