The product offers a discount of 1.25% to 31/12/03 with initial pay rates starting from 5.75%.
There is no arrangement or higher loan to value fee to pay, the valuation fee is refunded and if the in-house legal service is used for standard remortgage cases, there are no legal fees to pay. The product caters for light, mid and unlimited adverse credit profiles on a full-status and self-cert basis.
Commenting on the product, David Copland, sales and marketing director at Pink Home Loans said: "This product is ideal for those borrowers with adverse credit backgrounds, looking to remortgage to a more competitive rate. As a fees-assisted product, the costs often associated with moving a mortgage to a new lender are substantially reduced."
