The product tracks the Bank base rate plus 0.99 per cent for the full term of the mortgage, offering an initial pay rate of 5.49 per cent.
The flexible tracker offers transparency as it tracks back to Bank base rate and flexible features such as underpayments, draw downs, payment holidays and overpayments.
Key selling features
- No redemption penalties
- First time buyers accepted
- Flexible options
- Proof of income not required
- 0.6% broker commission
- £100 off the application/valuation fee for loans over £150,000 (packaged submission only)
Product details
- Funded by: Pink Home Loans funded by Platform
- Product: Flexible self-cert lifetime tracker
- Rate: 5.49% (BBR plus 0.99% for full term of the mortgage)
- Max LTV: up to 85% LTV up to £300,000
- Early repayment charges: None
- Broker commission: 0.6%
- Arrangement fee: £395
- Other: Branded lending product- available to Pink Premier and Mortgage club members
- Contact: For more information visit www.pink.uk.net
