New tracker from Pink and TMB

Pink Home Loans has launched an exclusive, flexible tracker offering an initial pay rate of 4.94%.

The product is funded by The Mortgage Business and offers a discount of 0.55% until January 2004

David Copland, sales and marketing director at Pink Home Loans, says: “This deal combines two of my favourite mortgage features – transparency and flexibility. Last week, the Bank of England Monetary Policy Committee agreed for the 12th month running to keep interest rates at 4%.

“This product takes advantage of such decisions and offers a competitive initial pay rate of 4.94%. Flexibility also puts borrowers firmly in control of their finances and gives them the opportunity to save money on their mortgage in terms of reducing the level of interest repayments.”