Priced at 5.89 per cent until 1 March 2011, the deal has an arrangement fee of 1.5 per cent and comes with £250 cashback and a free valuation up to £490.
Loans of £350,000 are available up to 85 per cent loan-to-value (LTV), with 80 per cent LTV and 75 per cent LTV allowed up to £500,000 and £1 million respectively.
Neil Hoare, associate director, proposition development at Pink Home Loans, commented: “Remortgaging is on the increase and with the current slowdown in the mortgage market, it looks set to continue further. Latest figures show that remortgaging was higher in September than August.
"Furthermore, 1.4 million households’ short-term fixed rate deals are due to expire in 2008; therefore this competitive deal from BM Solutions comes at a great time for our intermediary customers.”
Early repayment charges apply during the life of the deal period; 6 per cent up to March 2009, 5 per cent from then until March 2010 and 4 per cent in the final year.
Michael Brill, director at Baronworth Investment Services, said: “For anyone that wants to lock themselves in for three years, this is very competitive. I’d certainly recommend it. Pink is also good when it comes to admin.”
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