The range which features products from near prime through to heavy adverse will be distributed and packaged exclusively by Pink
Key features:
Range of fixed and tracker rates
Net commission = up to 1.00% on heavy adverse
Guarantors are acceptable on all schemes
2nd property purchases are acceptable on all schemes
Properties for a near relative are acceptable on near prime and light products
Maximum lending of £1 million (all loans over £500,000 are limited to 75% loan to value)
All mortgage products are portable
For large loans over £300,000 there is a 0.25% loading on the initial interest rate
Full status and self-cert options available
Light adverse range
Fixed rates
Tracker rates
From 6.20% fixed 31/10/07 or From BBR + 1.50% until 31/10/07 or
From 6.40% fixed 31/10/08 From BBR + 1.50% until 31/10/08
No overhang, early repayment charges = 6% of amount repaid in fixed rate period No overhang, early repayment charge = 6 of amount repaid in tracker period
Underlying rates from BBR + 2.50% Underlying rates from BBR + 2.50%
Mark Howell, Marketing Manager at Pink Home Loans said:
"We are pleased to have been involved in the product design and distribution strategy to help Derbyshire launch into the adverse market. An exclusive range of competitive products that offer and feature both 2 and 3 year fixed and tracker products"
