Pink launches fixed rate self-cert product

Pink Home Loans has launched a fixed rate self-cert product funded by Platform.

The product offers a fixed rate of 4.95% until March 1 2008 up to 85% LTV, with 0.25% cashback and no early repayment charge overhang or higher lending charge.

Nic Ekin, lender relationship manager at Pink, says: “This exclusive self-cert rate of 4.95% fixed until March1 2008 is fantastic and has a 0.25% cashback, which will benefit clients who are either purchasing or remortgaging a property.”

Ian Harris, director at Harris Begley, adds: “This market leading deal will be ideal for customers who require an attractive rate but want the added benefit of a cashback. I have always found the application process to be smooth when dealing with Pink.

“There is a Platform underwriter based at its offices and this gives me peace of mind, as I always want my clients to receive the best service available.”

Paul Hunt, head of marketing at Platform, says: “We are delighted to offer such an attractive product via Pink giving borrowers not only a sub 5% rate but also a 0.25% cashback as well.

“Our experience shows that intermediaries prefer two-year fixed rates more than anything else in the self-cert market at present and so we expect demand for this product via Pink to be high.”