This discount includes a 0.25% bonus discount, which applies on all cases received by Platform until end of May.
The new product range has been expanded to give improved ‘cascade’ options and the majority of products now allow for adverse credit and arrears in the last 3 months
David Copland, sales and marketing director at Pink Home Loans, comments: “The product provides ‘cascade’ options and means that customer requirements are met as borrowers who do not qualify for one product can be considered for a cascade through the range of products until one meets their credit profile more closely.”
Guy Batchelor, sales and marketing director at Platform, comments: “Following the recent launch of our bonus discounts on our non-conforming range, we are delighted to launch this extremely competitive product with Pink. As we have also made many improvements to our lending policy, we expect this product to be very popular with intermediaries.”
Key features
- All arrears over 12 months old are ignored
- Defaults are ignored on all schemes even at 95% LTV
- All products except Fast Track available for first time buyers
- Unlimited capital raising allowed for any legal purpose up to scheme limits on remortgages
Product details
- Funded by: Platform
- Product: 2.45% discount for 12 months from completion (includes a 0.25% bonus discount available on all cases received by Platform until 31st May 2004)
- Rate: from 3.55%
- Early repayment charges: 6% of the amount repaid for 3 years, thereafter one month's notice or 1% of the amount redeemed
- Broker commission: 1% (minimums & maximums apply)
- Arrangement fee: £395 – added to the loan on completion
- Applications must be received by Platform by 31st May 2004
- Other: Packaged submission only
- Contact: For more information visit www.pink.uk.net
