Both offer a discount off Base Rate – the first with a headline rate of 5.19 per cent – minus 0.31 per cent for two years, while the second has a headline rate of 5.23 per cent – minus 0.27 per cent for two years.
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Both products are available for purchases only and for loans up to 95 per cent up to £250,000. They are available to Pink’s appointed representatives (ARs) and directly authorised (DAs) brokers on a direct basis.
David Copland, deputy managing director at Pink Home Loans, said: “Pink is the only network to be able to offer these products to its DA brokers, in addition to its ARs. They give the broker excellent rates for the first-time buyer market.”
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Chris Pearson, director of intermediary mortgages at Royal Bank of Scotland, added: “We’re delighted to be able to offer Pink members these deals. As a lender that is committed to growing its broker business it is important that we are able to work closely with our intermediary partners in the development of strong product propositions.”
Elizabeth Smith, mortgage adviser at Money Plus, said: “To be honest, not many people go for trackers any more and while these sound like good rates I don’t know how much call there is for these sorts of products at the moment.”
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