Pink Home Loans has launched two semi-exclusive self-cert tracker products funded by BM Solutions.
The products offer initial rates of 5.49% and 5.70% for three years and revert to Bank of England base rate plus 1.99% for the life of the loan. The 5.49% rate has an arrangement fee of 0.99% of the loan and the 5.70% rate offers an arrangement fee of 599. Both products have no early redemption penalty overhang and are available up to 90% LTV up to 350,000.
Tony Jones, managing director at Pink Home Loans, says: “This is fantastic news that BM Solutions have increased the LTV banding for self-cert applications up to 90%. With BM Solutions fast on line service, intermediaries will be able to offer their clients more choice in this specialist area”.
Tom ONeil, chief operating officer at Fuel Investments, says: “BM Solutions is yet again in the driving seat of innovative product design and show that it continues to keep its finger on the pulse of the industry. This is evidenced by the top class products from a top class lender.”