The product tracks the Bank base rate plus 1.14 per cent for two years, offering an initial pay rate of 5.64 per cent plus £500 cash back.
The product is available to Pink Premier and Mortgage club customers, and offers a broker commission of 0.60 per cent.
Key selling features
- First time buyers accepted
- £500 cash back
- Overpayments of £1,000 per month are acceptable without penalty
- Proof of income not required
- Broker commission of 0.6%
- Available to Pink Premier and Mortgage club customers
- £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: Self-cert tracker
- Rate: BBR plus 1.14% for 2 years
- Max LTV: 85% LTV up to £300,000
- Early repayment charges: 5% repaid in the first 2 years
- Broker commission: 0.60%
- Arrangement fee: £395
- Other: £500 cash back
Contact: For more information visit www.pink.uk.net
