Huge rise in number of cheap five-year fixed-rate mortgages
Up to 90 per cent loan-to-value is available to both employed and self-employed people trying to find a mortgage.
An arrangement fee of one per cent of the mortgage value will be charged and early repayment charges apply.
David Copland, marketing director at Pink Home Loans, describes the mortgage offer as a fantastic deal.
There is still more than a chance of another bank base rate reduction over the next few months, which will only add to the appeal of this, he adds.
The head of sales at BM Solutions, Martin Reynolds, says he is looking forward to seeing how popular this great product will be with mortgage brokers and people trying to find a mortgage.
Pink Home Loans provides a range of mortgage products and services to professional mortgage intermediaries.
More than 50 mortgage lenders currently make use of Pink Home Loans.
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