The products are semi-exclusive to Pink’s intermediary customers and are funded by BM Solutions.
Rates start from 7.84% and are fixed until 01/03/10. Self cert options are available in both adverse categories and first-time buyers are also accepted. An arrangement fee of £1,499 is payable across the product range and early repayment charges of 6% until 01/03/09 and 5% to 01/03/10.
David Copland, deputy managing director, Pink Home Loans, commented: “As a consequence of the credit crunch, product availability in the heavy and unlimited sectors of the adverse market, in particular, have been affected. Several lenders have withdrawn from the market and those that have chosen to re-enter the market have tended to do so at much higher rates and with tighter criteria. Therefore these two-year deals should be well received by Pink’s intermediaries and provide them with solutions for the many borrowers with rates coming to an end and looking to remortgage onto an equally competitive rate”.
Iain Williamson, head of national accounts, BM Solutions, added: “At BM Solutions we continue to focus on offering intermediaries competitive deals, as well as providing online support and solutions. I am very pleased to be able to offer these deals with Pink and together we can offer the best possible levels of service.”
