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Pink Home Loans – Platform Near Prime Right To Buy 3 Year Fixed Self Cert

Pink Home Loans

Platform Near Prime Right To Buy 3 Year Fixed Self Cert

Type: Fixed-rate right-to-buy mortgage

Fixed term: Until October 1, 2008

Fixed rate: 6.4%

Minimum loan: 25,000

Maximum loan: Up to 85% of valuation subject to a maximum of 250,000 for purchases and 150,000 for remortgages

Income multiples: Up to 3.5 times principal income plus second or three times joint

Conditions: 0.25% cashback, up to 500 in CCJs allowed but none in the last three months, no mortgage arrears/missed payments in last 12 months, free standard valuation for properties up to the value of 400,000

Arrangement fee: 495

Redemption fee: 6% of the amount repaid until October 1, 2008, thereafter one 1 per cent of the amount repaid or one months notice

Introducers fee: 0.35% of original loan subject to 250 minimum and 5,000 maximum

Tel: 08707 590170

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