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Pink launches Precise near prime exclusive

by: Mortgage Solutions
  • 03/03/2011
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Pink launches Precise near prime exclusive
Pink Home Loans has launched a near prime residential deal funded by Precise Mortgages, aimed at borrowers unable to access loans from prime lenders.

The deal offers interest rates from 4.54% for two years linked to Libor and comes with a fixed fee starting at £995. The product has no early repayment charges.

Neil Hoare, proposition & marketing director at the mortgage network, said: “Precise Mortgages has recognised that not everyone who wants a mortgage has a perfect credit record and, in the true spirit of treating customers fairly, have delivered a solution to consumers who, over the past few years, may not been able to enjoy wide access to competitively priced finance.”

Alan Cleary, managing director of Precise Mortgages, added: “Pink Home Loans has an excellent track record and are a perfect partner for distributing our mortgage products. We are very pleased to be offering exclusive products to their members.”

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