Effective from 11 October, the new range of two-year fixed non-conforming packaged deals will be available across a range of adverse categories including Feather, Light, Medium and Unlimited.
Rates start from 7.04 per cent and - with the exception of unlimited adverse - self-cert options are available across the range and loans are available up to 85 per centLTV.
Maximum loan amounts are £400,000 up to 85 per cent LTV and £500,000 up to 80 per cent LTV.
Pink is also offering a free valuation across the entire product range. An application fee of £999 is charged, which can be added to the loan and an early repayment charge of 6 per cent of the balance applies until 31 January 2010.
In addition, each time brokers submit an application which proceeds to an offer, they will be entered into a free prize draw to win a trip for 2 on the Orient Express.
The range is available to Appointed Representative and Directly Authorised members of Pink, on a packaged submission basis only.
David Copland, deputy managing director of Pink Home Loans, commented: “Given the current uncertainty with many lenders operating in the sub prime sector, this competitive product range will enable Pink’s AR and DA intermediaries to provide their customers with a solution tailored to meet their individual credit circumstances.
“As a distributor, we have seen many lenders pulling products and changing criteria in the unlimited category, therefore the unlimited adverse product, available up to 80 per cent LTV, should provide a competitive deal for Pink’s brokers with this type of client profile. It is great to see the Skipton group working together to deliver an exciting sub prime offering.
Mike Perry, associate director sales and marketing at Amber, added: “At a time when so many lenders have pulled back from supporting intermediaries, Amber is pleased to continue their support via networks such as Pink. The combination of the strong Pink brand combined with this range of fixed rate adverse products from Amber, together with an on site underwriter, will be very attractive to clients who wish to have some certainty on their monthly outgoings.”
