Pink Choices is a branded lending product funded by GMAC-RFC and offers a rate of 5.99 per cent fixed to 01/09/06 up to 75 per cent loan to value and a rate of 6.39 per cent fixed to 01/09/06 up to 85 per cent loan to value.
Buy-to-let investors can also save £150 off the application/valuation fee on loans over £150,000, if submitted via the packaged route.
Key selling features
- No redemption overhang
- 25 properties to a maximum of £3 million with all lenders
- Proof of income not required
- Bank statements are not required
- £150 off the application/valuation fee for loans over £150,000
- Applications dealt with by a dedicated in-house team
Product details
- Funded by: Pink Home Loans funded by GMAC-RFC
- Product: Pink Choices – buy-to-let range
- Rates:
- 5.99% fixed to 01/09/06 up to 75% LTV
- 6.39% fixed to 01/09/06 up to 85% LTV
- Max LTV: 85% up to £300,000
- Early repayment charges: 3% of the amount repaid until 01/09/06
- Rental yield: Gross rental income must exceed 130% monthly mortgage interest payment calculated at SVR
- Broker commission: 0.50%
- Arrangement fee: £395
- Other: Available via packaged submission only
- Contact: For more information visit www.pink.uk.net
