Pink Home Loans has launched a heavy adverse exclusive 1% discount product with 500 cashback, in association with Amber Homeloans Ltd.
The initial pay rates start from 5.33% discounted until October 31 2006, the products are available for both full status and self-cert applications with unlimited county court judgements and arrears. 500 cashback will be payable on completion.
David Copland, marketing director at Pink, says: “This product range offers intermediaries the opportunity to remortgage their clients with adverse credit on to a lower rate whilst benefiting from the 500 cashback to assist with associated costs.
Mike Perry, associate director-sales & marketing at Amber Homeloans Ltd, says: We are very pleased to be able to provide this range of heavy adverse products exclusively via Pink, with both packaged and direct options. Product options are available up to 85% LTV and no higher lending charge is payable.
The launch of this range further enhances the close relationship we have developed with Pink, established with the launch of the Parachute product.