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Pink Home Loans – Platform Self Cert 2 Year Tracker

Pink Home Loans

Platform Self Cert 2 Year Tracker

Type: Self-cert tracker mortgage

Tracker term: Two years

Tracker rate: Up to 90% of valuation – 0.85% above Bank of England base rate, up to 85% of valuation – 0..7% above Bank of England base rate, u to 75% of valuation – 0.6% above Bank of England base rate

Payable rate: Up to 90% of valuation – 5.85%, up to 85% of valuation – 5.7%, up to 75% of valuation – 5.6%

Minimum loan: £25,001

Maximum loan: Up to 90% of valuation subject to a maximum of £400,000, up to 85% of valuation subject to a maximum of £500,000, up to 75% of valuation subject to a maximum of £1m

Income multiples: Up to 90% of valuation – 4.5 times principal income plus second or 3.5 times joint, up to 75% of valuation – 4.75 times principal income plus second or four times joint

Conditions: £250 cashback, free standard valuation

Arrangement fee: £599

Redemption fee: 5% of the amount repaid in first two years, thereafter 1% or one month’s notice

Introducer’s fee: 0.6% subject to a £250 minimum and £5,000 maximum

Tel: 08707 590170

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