With an initial rate of 3.95%, the product offers a discount of 1.8% for 2 years and no redemption penalty overhang. It also now offers a £250 cashback and no arrangement fee.
As Tony Jones, managing director at Pink Home Loans, commented: “First-time buyers in particular find the initial costs of buying a home and arranging a mortgage a significant burden. The £250 cashback and no arrangement fee are going to help this section of applicants. Existing mortgage holders who are looking for a more competitive deal can take advantage not only of the £250 cashback and no arrangement fee but also the free legal service if the in-house provider is used.”
Pink Home Loans offers the facility of paying broker commission within 24 hours of legal completion if an Express Payment Request form is completed and customers can also benefit from having broker commission paid directly into their bank account via BACS.
