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Pink Home Loans – Almost Prime Three-Year Tracker

Pink Home Loans

Almost Prime Three-Year Tracker

Type: Adverse credit tracker mortgage

Tracker term: Three years

Tracker rate: Up to 95% of valuation – 0.9% above Libor, up to 90% of valuation 0.8% above Libor, up to 85% of valuation 0.7% above Libor, up to 75% of valuation 0.6% above Libor, up to 65% of valuation 0.55% above Libor

Payable rate: Up to 95% of valuation – 5.65%, up to 90% of valuation 5.55% valuation up to 85% of valuation 5.45% up to 75% of valuation 5.35% up to 65% of valuation 5.3%

Minimum loan: 25,001

Maximum loan: Up to 95% of valuation subject to a maximum of 300,000, up to 90% of valuation subject to a maximum of 400,000, up to 75% of valuation subject to a maximum of 500,000

Income multiples: Up to five times principal income plus second or 3.5 times joint, up to 4.25 times joint or 3.5 times joint for self-cert applicants

Conditions: Overpayments of up to 1,000 a year allowed without penalty, up to 500 in CCJs allowed, free valuation, 0.2-0.35% loading for self-cert applicants borrowing 85-95% of valuation, maximum loan 250,000 for self-employed applicants

Arrangement fee: 599

Redemption fee; 6% of the amount repaid in first three years thereafter 1% of the amount repaid or one months notice

Introducers fee: 0.5% of original loan subject to a 250 minimum and 3,000 maximum

Tel: 08707 590170


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