Pink Home Loans has joined forces with Bristol & West Mortgages to launch an exclusive five-year fixed rate.
The product offers a rate of 4.59%, fixed for five years, and is available up to 95% LTV, with the MIG paid by Bristol & West.
Tony Jones, managing director at Pink Home Loans, says: “This product is ideal for borrowers who require the certainty of a fixed rate and set monthly payments, such as first-time buyers. Another key benefit of the product is that it allows the client to borrow up to 95% LTV without incurring a higher lending charge.”
A minimum loan size applies of £15,001 for purchase and £25,001 for remortgages. The maximum loan is £999,999 up to 75% and maximum LTV of 95% up to £150,000.
Redemption fees apply of 7% of amount repaid for one year, followed by 6% for two years. The introducers fee is 0.3% or a minimum of £150.