Pink Home Loans Self-Certified Tracker mortgage launched
www.moneynews.co.uk > Mortgages > Pink Home Loans Self-Certified Tracker mortgage launched
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Money News |
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Pink Home Loans Self-Certified Tracker mortgage launched
Wed 22nd Feb 2006
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This means that the deal will begin with a level of 5.49 per cent.
The self-certified status of the mortgage makes it available only to borrowers who are self-employed.
A maximum loan to value (LTV) of up to 90 per cent will be offered with the deal. All first-time buyers will be given an LTV of 85 per cent and a maximum loan amount of £250,000.
The mortgage also has overpayment, underpayment and payment holiday features, which, according to the distributor, make it more flexible for customers.
Tony Jones, managing director at Pink, claimed that "self-employed applicants are likely to find the flexible features particularly beneficial".
The Pink Home Loans Self-Certified Tracker mortgage does not have any early repayment charges but does ask an arrangement fee of 0.5 per cent of the entire loan.
Related News : Mortgages |
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