This market leading self-cert product offers a fixed rate of 4.95 per cent fixed until 01/03/2008 up to 85 per cent loan to value, with 0.25 per cent cashback and no Early Repayment Charge overhang or Higher Lending Charge.
Nic Ekin, lender relationship manager at Pink, said: “This exclusive self-cert rate of 4.95 per cent fixed until 01/03/2008 is fantastic and has a 0.25 per cent cashback, which will benefit clients who are either purchasing or remortgaging a property.”
Ian Harris, director at Harris Begley Ltd, commented: “This market leading deal will be ideal for customers who require an attractive rate but want the added benefit of a cashback. I have always found the application process to be smooth when dealing with Pink. There is a Platform underwriter based at their offices and this gives me peace of mind, as I always want my clients to receive the best service available.”
Paul Hunt, head of marketing at Platform, said: “We are delighted to offer such an attractive product via Pink giving borrowers not only a sub 5 per cent rate but also a 0.25 per cent cashback as well. Our experience shows that intermediaries prefer two-year fixed rates more than anything else in the self-certification market at present and so we expect demand for this new product via Pink to be high.”
Summary
*Underlying pay rate: BBR + 1.75 per cent
*Net broker commission 0.60 per cent min £250, max £5,000
*Arrangement fee 0.75 per cent of the loan
*Available to PAYE & Self-Employed up to 85 per cent LTV
*Maximum loan to value – Up to 75 per cent LTV - £1 million (£500,000 for paye) – Up to 85 per cent LTV - £500,000
*Income multiples 3.5 single, 3.5 + 1 joint or 3 x joint
*Packaged submission only
Other
*Early Repayment Charges – 6 per cent of the amount repaid until 01/03/2008
*Higher Lending Charge – N/A
