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Pink Home Loans – Platform Right-To-Buy Minor Adverse Three-Year Tracker

Pink Home Loans

Platform Right-To-Buy Minor Adverse Three-Year Tracker

Type: Adverse credit tracker mortgage

Tracker term: Three years

Tracker rate: 1.3% above Libor

Payable rate: 6.05%

Minimum loan: 25,001

Maximum loan: Up to 85% of valuation subject to a maximum of 250,000
Income multiples: Up to five times principal income plus second or 3.5 times joint, up to 4.25 times principal income plus second or 3.5 times joint

Conditions: Overpayments up to 1,000 a month allowed without penalty, 0.3% loading for self-cert applicants, a maximum of 1,000 in CCJs allowed in last two years, one missed payment in last 12 months, bankruptcy/IVA discharged/completed for more than a year acceptable, free valuation

Arrangement fee: 599

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

Introducers fee: 1% of original loan subject to a 350 minimum and 4,500 maximum

Tel: 08707 590170


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