A rate of 7.64 per cent fixed for two years is available in addition to a 1.15 per cent discount for two years.
The products, available exclusively through Pink Home Loans, qualify for the Fees Assisted Remortgage Campaign, which runs until 29 April 2005. The campaign offers a free valuation and free legals for remortgage applications in England and Wales or a free valuation and £250 cashback for remortgage applications in Scotland and Northern Ireland.
High adverse products – part of the Pink Home Loans branded range with First National
Product 2 year fixed 1.15% discount for 2 years
Initial pay rate 7.64% 7.24%
Underlying rate Bank base rate plus 3.64% Bank base rate plus 3.64%
Early repayment charges 6% of amount repaid in year 1, 5% in year 2, 1% in year 3, thereafter 1 month’s notice or interest 6% of amount repaid in year 1, 5% in year 2, 2% in year 3, thereafter 1 month’s notice or interest
Net broker commission 1.25% (minimum £500, maximum £3,750) 1.25% (minimum £500, maximum £3,750)
Arrangement fee £449 £449
Maximum loan to value (LTV) 80% up to £300,000 80% up to £300,000
County Court Judgements Unlimited Unlimited
Defaults Unlimited Unlimited
Arrears Unlimited* Unlimited*
Minimum loan £25,001 £25,001
Other Qualifies for the Fees Assisted Remortgage Campaign:
- Free valuation and free legals (England and Wales) or free valuation and £250 cashback (Scotland and NI)
- Packaged submission only
