Pink Home Loans three-year tracker mortgage announced

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Pink Home Loans three-year tracker mortgage announced

The Pink Home Loans three-year tracker mortgage has been introduced to the intermediary market with a promotional rate of 0.51 per cent below the Bank of England base rate.

This means that the offer will get underway at an interest level of 3.99 per cent.

A maximum loan to value of 90 per cent has been assigned to the product and an arrangement fee of one per cent of the loan amount will be charged.

The mortgage lender has made the package available to both employed and self-employed borrowers and will apply early repayment charges during the promotional period.

Marketing director of Pink Home Loans David Copland commented: "This is a fantastic deal over a three-year period and it may make intermediaries and their clients think again about choosing the more popular two-year products."

The Pink Home Loans three-year tracker mortgage has a minimum borrowing level of £25,001 and allows a maximum loan of £2 million.

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