Pink launches limited edition semi-exclusive product

The product, in association with UCB Home Loans, is available from 1 September and the rate is 4.79% for one year.

This self-cert product offers clients peace of mind with their monthly mortgage payments but also flexibility with an overpayment facility.

David Copland, marketing director at Pink commented: “This is excellent news for individuals who want the certainty of a one year fixed rate product. There are very few self-cert fixed products offering an attractive rate of 4.79 per cent with no overhang and also the opportunity to make monthly overpayments without incurring any early repayment charges.”

Andrew Morgan, director at Storm Mortgages Ltd said: “This self cert one year fixed rate is good news, as it allows people who have been in business for over 12 months but as yet have no finalised accounts to either purchase or remortgage on to an attractive rate.”

Product Self Certification fixed for 1 year

Initial pay rate: 4.79 per cent

Underlying rate: Flexible Variable Rate: 6.79 per cent

Early repayment charges: No ERC will apply to overpayments up to £500 per month. However, if the mortgage is fully or partially repaid or changed to a different type of UCBHL mortgage within one year the following charges will apply six months interest (min £10).

Net broker commission 0.45 per cent minimum £150

Arrangement fee £330 can be added to the loan

Booking fee £75, must be paid upfront and is non-refundable

Maximum loan to value 85 per cent up to £500,000

75 per cent up to £750,000

65 per cent up to £1,000,000

Adverse credit Applicants with a poor credit profile are not acceptable

Minimum Loan £25,001

Other

*No Higher Lending Charge

*Overpayment facility up to £500 per month

*Product is portable

*No overhang

*Direct submission only