Pink and Capital launch new self-cert

24 February 2006
A new self-certified mortgage has been launched by Pink Home Loans in association with Capital Home Loans.

The product is 0.99 per cent plus bank base rate (BBR) for the term of the loan and is only available to self-employed applicants.

There are no early repayment charges for the mortgage and has a maximum 90 per cent loan-to-value.

Overpayment, underpayment and payment holiday features are also on offer with the product.

Tony Jones, managing director at Pink Home Loans, said: "Pink is dedicated to improving the range of products available and, after listening to feedback, we have developed this product in conjunction with Capital Home Loans."

He added that self-employed applicants will probably find the flexibility offered beneficial.

Jonathan Cornell, technical director at estate agents Hamptons, commented on the release: "This is a cracking rate and offers an excellent opportunity for self-cert clients who ultimately want to move onto a status product once they have an income history confirmed by their accounts.

"The fact that the product is also available up to 85 per cent for first-time buyers makes it even better."

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