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Pink Home Loans – Precise Mortgages Near Prime Libor Tracker  5.24%

Pink Home Loans – Precise Mortgages Near Prime Libor Tracker  5.24%

Type: Adverse credit capped tracker mortgage

Tracker term: Until December 31, 2012

Tracker rate: 4.49% above Libor

Payable rate: 5.24%

Capped term: Until December 31, 2012

Capped rate: 7.24%

Minimum loan: £25,001

Maximum loan: Up to 80% of valuation subject to a maximum of £300,000

Income multiples: Based on affordability

Conditions: One default up to £500 allowed in the last 36 months, no CCJs and no arrears allowed, £300 cashback, plus refund of standard valuation and assessment fee up to £480, applicants must have a clear credit record for three months prior to application, available only to Pink appointed representatives

Arrangement fee: £1,795

Redemption fee: None

Introducer’s fee: 0.6% of the original loan




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