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Pink Home Loans – Precise Mortgages Near Prime Libor Tracker 5.29%

Pink Home Loans – Precise Mortgages Near Prime Libor Tracker 5.29%

Type: Adverse credit capped tracker mortgage

Tracker term: Until December 31, 2012

Tracker rate: 4.54% above Libor

Payable rate: 5.29%

Capped term: Until December 31, 2012

Capped rate: 7.29%

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 in the last 36 months, no arrears in the last 12 months but up to one month’s arrears in the last three years allowed, applicants must have a clear credit record for three months prior to application, available only to Pink appointed representatives

Arrangement fee: £1,495

Redemption fee: None

Introducer’s fee: 0.6% of the original loan

Contact: www.pink.uk.net

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