Pink Home loans has launched a two-year, fixed-rate, self-certification mortgage.
The loan, offered in conjunction with The Mortgage Business, is fixed at 6.29 per cent until October 1, 2001. It is available to self-certified applicants up to 85 per cent of valuation.
Self-certification borrowers can fix up to 90 per cent of valuation for the same period at 6.79 per cent.
Both rates carry a redemption penalty of four months' interest if redeemed in the fixed rate period.
A procuration fee of 0.5 per cent of the loan is payable to intermediaries