Pink offers mainstream selection to enhance product proposition

The products are discounted by 2.04% for 2 years, giving an initial pay rate of 3.75%, and are available up to 95% loan to value.

David Copland, sales and marketing director comments: “The first product is designed for borrowers who require a higher loan to value as the MIG is paid by Bristol & West Mortgages and not by the applicant. The second product has a lower arrangement fee of £199 and aimed at those requiring less than 75% loan to value.”

“Pink Home Loans has a 36-strong lender panel and offers a competitive range of products covering niche areas of the market including mainstream, sub-prime, buy to let and self-cert mortgages.”

Dominic Toller, head of marketing for Bristol & West Mortgages says: “Pink is a valued introducer for Bristol & West Mortgages. We are pleased to be working together with Pink to provide these highly competitive mortgages for the brokers who deal through them.”

Key product details:

Rate: 3.75% - 2.04% discount

Underlying rate is SVR, currently 5.79%

Term: Discount for 2 years

Minimum loan: £15,001 for purchases, £25,001 for remortgages

Maximum loan: £999,999 up to 75% LTV

Maximum loan to value: 95% up to £150,000

Income multiples: 3.5 times principal plus second, 2.75 times joint

Arrangement fee:

1) £399

2) £199

Redemption fee: 5% of amount redeemed for 2 years

Conditions: Available via direct and packaged submission routes


1) MIG paid by Bristol & West Mortgages

2) MIG triggered at 85% LTV

Introducer’s fee: 0.3% (min £150)