The range includes two fixed rate self-cert exclusives from TMB, both with free valuation, and a semi-exclusive 'house to house' product, again with free valuation.
The self-certification products have a fixed rate until 28 February 2010, rates start from 6.34 per cent with a 1 per cent arrangement fee and 6.44 per cent with a 0.75 per cent arrangement fee. They have an early repayment charge of 6 per cent until 28 February 2009 followed by 5 per cent until 28 February 2010 with no higher lending charge.
The 'house to house' product is available up to 90 per cent LTV. It benefits from a rate of 6.75 per cent and an arrangement fee of 1.25 per cent and comes without early repayment charge. This product is not available to first-time buyers or on properties less than 12 months old.
David Copland, deputy managing director, Pink Home Loans, commented on the self-certification products: “Pink is pleased to be able to offer these products at a time when many lenders are tightening up on their criteria in the wake of the credit crunch.
"By making these types of deals more accessible for what is a growing area of the self-employed population, these products have the added benefit of a free valuation and a fixed rate. This makes them more attractive to those looking to alleviate the pressure that may come with inconsistent incomes.”
Barry Meeks, managing director, Pink Home Loans commented on the 'house to house' product: "This is an excellent product for professional landlords who are looking to expand their property portfolio without the need to immediately let the property.
"The mortgage is structured around the income of the borrower rather than the rental of the property itself, as with a normal ‘buy-to-let’ mortgage, and is therefore also ideal for those who are looking to buy a second property for investment purposes in the current market conditions.”
