The products are part of the Crystal Light Adverse branded product range, funded by Mortgages plc, and are aimed at borrowers with low levels of adverse credit.
A 2 per cent discount for one year and 3 year stepped discount are on offer and self-cert is available up to 90 per cent loan to value.*
The products qualify for the Fees Assisted Remortgage campaign, which Pink Home Loans is currently promoting, which offers a free valuation and free legals for remortgage applications in England and Wales and a free valuation and £250 cashback for remortgage applications in Scotland and Northern Ireland.
Crystal Light Adverse branded product range
Product 2% discount for 12 months 3 year stepped discount
Initial pay rate 6.4% 6.65%
Underlying rate Bank base rate plus 3.65% Bank base rate plus 3.65%
Early repayment charges 6% in first 3 years 6% in first 3 years
Net broker commission 1.25% (minimum £750) 1.25% (minimum £750)
Arrangement fee £499 £499
Maximum loan to value (LTV) 90% 90%
County Court Judgements Maximum of £4,000 unsatisfied in last 2 years Maximum of £4,000 unsatisfied in last 2 years
Arrears Maximum of 3 months in last 12 (maximum of 1 in last 3) Maximum of 3 months in last 12 (maximum of 1 in last 3)
Minimum loan £25,001 £25,001
Maximum loan £300,000 £300,000
Other Free valuation and free legals (England and Wales)
Free valuation and £250 cashback (Scotland and NI)
Packaged submission only
* Higher lending charge applies
For more information visit the Pink Home Loans website at www.pink.uk.net or call 08707 590136.
