Sub-prime deals from Pink

Pink Home Loans has launched a range of products aimed at clients with impaired credit histories.

Funded by Platform, the products offer borrowers assistance with legal fees as well as free valuations.

With purchase mortgages, clients will receive 200 cashback and free valuations while clients wanting to remortgage have the choice of free legals provided they use legal firm Conveyancing and Remortgage Solicitors, or 200 cashback if they use their own solicitors.

Rates start at 4.95% for near prime and minor adverse ranges, with all ranges offering LIBOR trackers or fixed rates.

The products also benefit from a number of criteria improvements such as enhanced income multiples and lower employment and trading requirements for self-employed clients.

Dev Malle, sales director at Pink, says: “Pink has a close relationship with Platform so it has been able to work with it to create a competitive product range.

“We’ve put some of our own legal fees back into the products to allow our brokers to offer their clients assistance with legal fees.

“Not only will they benefit from being able to offer these exclusive products, they will also benefit from 24-hour payment of commission once cases have legally completed.”

Richard Beardshaw, head of sales at Platform, says: “I am delighted that Platform has been able to work with Pink to provide these products for the sub-prime market.The exclusives we have launched with Pink in the past have proved successful and I’m confident this range will be as popular.”