Pink Home Loans has launched a shared exclusive tracker product funded by BM Solutions.
This market leading product offers a rate of 4.24% (BBR 0.26%) for two years with no overhang.
David Copland, marketing director at Pink, says: “The rate of 4.24% is stunning, as it offers a very competitive rate up to 90% loan to value.
“Customers benefit with Bank Base Rate Trackers as any cuts to the bank base rate are immediately passed onto the borrowers compared to discounted products off standard variable rates. This rate will challenge the fixed rate products within the marketplace”.
Nick Triniman, managing director at The Mortgage Marketplace, says: “This is a fantastic two year Bank Base rate tracker.
“It will certainly be popular with brokers not only because of the 4.24% pay rate (BBR 0.26%) but BM Solutions lending criteria and online process is so slick.”