Pink launches fixed rate B2L products

Pink Home Loans has launched a shared exclusive fixed rate buy to let product range in association with Mortgage Trust, which offers initial pay rates from 4.55% fixed until January 31 2009.

The 4.89% fixed until January 31 2008 offers a competitive low rate, a reduced arrangement fee and the rental income is calculated using the product rate.

David Copland, marketing director at Pink, says: These fixed rate buy to let products are market leading.

“This is excellent news for landlords, as the rental yield requirement is 125% of the mortgage interest calculated at the product rate selected, which is available as low as 4.55%.