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Pink Home Loans – Freedom Lending On Track Light Full Status

Pink Home Loans

Freedom Lending On Track Light Full Status

Type: Adverse credit tracker mortgage

Tracker term: Life of loan

Tracker rate: 1.54% above Bank of England base rate

Payable rate: 6.04%

Minimum loan; 25,001

Maximum loan: Up to 85% of valuation subject to a maximum of 400,000, up to 75% of valuation subject to a maximum of 500,000

Income multiples: Based on affordability

Conditions: Maximum of 3,000 in CCJs in last three years but none in the last six months, up to two missed payments in last 12 months but none in the last six motnhs, bankruptcy/IVA discharged/satisfied for at least two years, repossessions not acceptable, free legal fees for remortgages, payable rate will reduce by 0.1% every six months provided repaymenst are made on time until rate reaches Bank of England base rate plus 0.84%

Arrangement fee: 599

Redemption fee: 5% of the amount repaid in year one, 4% in year two, 3% in year three, thereafter one months notice or 1% of amount repaid

Introducers fee; 1% of original loan

Tel: 08707 590170

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