£450 cashback for self-cert deal from Pink Home Loans

The product offers an initial pay rate of 5.75 per cent, tracking Bank base rate plus 1.25 per cent for three years.

No proof of income is required but clients are expected to be in continuous and permanent employment for at least twelve months and in their current job for at least three months.

Key selling features

- £450 cashback paid on completion

- Refund of valuation fee (up to £475)

- Proof of income not required

- First-time buyers accepted

- Available for purchases and remortgages

Product details

- Funded by: BM Solutions

- Product: Self-certification- RDF

- Rate: 5.75per cent (BBR plus 1.25 per cent for three years)

- Max LTV: 85 per cent (maximum loan £350,000)

- Early repayment charges: 5 per cent of the amount repaid in year one, 4 per cent in year two, 3 per cent in year three

- Broker commission: 0.5 per cent (minimum £200, maximum £5,000)

- Arrangement fee: 1 per cent of the loan – can be added

- Other: Online submission direct to the lender only

- Contact: For more information visit www.pink.uk.net