Pink range aims to get borrowers back on track

Pink Home Loans is launching an exclusive On-Track product range designed to get borrowers back onto prime rates.

The On-Track range, launched in association with Freedom Lending, covers light to heavy adverse, with opening rates from 5.94%, which will reduce by 0.10% every six months, subject to payments being made, until the lifetime tracker rate of BBR + 0.84%, full status, or BBR + 1.14%, self-cert are reached.

Freedom products also include free legal fees for remortgages which Pink says makes the Pink On-Track range good value for borrowers striving to achieve a prime rate.

Dev Malle, sales director at Pink Home Loans, says: “This product offers another option to intermediaries who want to get their clients back on track. The rates are competitive and the pay rate will gradually reduce to a prime rate subject to payments being made. Individuals who are currently looking to remortgage will also benefit from free legal fees..”

Mark Elden, product manager at Freedom, says: “The On-Track range offers unbeatable value on a true cost basis.”