The product is suitable for clients looking for larger loans, with a maximum of £1 million per property and £2.5 million per portfolio.
Katy Jenkins, PR officer at Pink Home Loans, comments: “This product is aimed at buy-to-let investors who require borrowing of up to £1 million at a low loan to value. Buy-to-let investors can also save up to £150 off the application/ valuation fee on loans over £150,000, if submitted via the packaged route.”
Key selling features
- Low headline rate
- Transparent pricing
- No redemption penalties
- Ideal for low LTV remortgages
- Maximum of £1 million per property or £2.5 million per portfolio
- £150 off the application/ valuation fee for loans over £150,000 (packaged submission only)
Product details
- Funded by: BM Solutions
- Product: Semi-exclusive buy-to-let
- Rate: BBR + 0.64% for the term of the loan
- Initial pay rate: 4.89%
- Max LTV: 60%
- Early repayment charges: None
- Rental Income Cover: 125% of the mortgage interests payments, calculated at BBR + 1.95%
- Broker commission: 0.4%
- Arrangement fee: £499
- Other: Available for purchases and remortgages
Contact: For more information visit www.pink.uk.net
