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New Business Mainstream criteria

To help make our New Business Mainstream criteria quicker for you to reference and easier to understand we have put all of the key points in one place. This has been split up into handy sections which can be viewed using the quick links below.

 

Product details >

Loan details >

Applicant details >

Fee details >

 

Alternatively, to view our New Business Mainstream products click on the links below.

 

View our New Business Mainstream products >

 

 

Product details

 

Bullet pointAll products are portable

Bullet pointAdministration fee is payable upfront and non-refundable

Bullet pointReversionary rate:

        All New Business mainstream products revert to Platform's Standard Variable Rate currently 4.49%       

Bullet pointArrangement fee can be added to the loan providing the total loan including fee does not exceed the LTV for the product selected.

 

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Loan details

 

Loan Purpose Maximum LTV Minimum property value Minimum loan amount Maximum loan amount Minimum term Maximum term
Purchase 90% £75,000 £25,001

£1,500,000 up to 70% LTV

£1,000,000 up to 75% LTV
£750,000 up to 85% LTV
£500,000 up to 90% LTV

5 years 40 years**
Remortgage £ for £ 90% £75,000 £25,001

£1,500,000 up to 70% LTV

£1,000,000 up to 75% LTV
£750,000 up to 85% LTV
£500,000 up to 90% LTV

5 years 40 years**
Remortgage home improvements 85% £75,000 £25,001

£1,500,000 up to 70% LTV
£1.000,000 up to 75% LTV
£750,000 up to 85% LTV

5 years 40 years**
Remortgage capital raising 75% £75,000 £25,001

£1,500,000 up to 70% LTV
£1,000,000 up to 75% LTV

5 years 40 years**
Remortgage debt consolidation 75% £75,000 £25,001

£1,500,000 up to 70% LTV
£1,000,000 up to 75% LTV

5 years 40 years**

**Maximum Age at expiry of mortgage term is 75. For customers retiring during the mortgage term, the application will be referred an underwriter to assess affordability on projected or actual retirement income.

 

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Applicant details

 

Bullet pointAvailable to employed and self-employed applicants

Bullet pointAvailable to first time buyers

Bullet pointMinimum age is 18 for Mainstream products.

Bullet pointMaximum age is 75 at the end of the term.

 

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Fee details

 

Introducer fee

 0.40%

(max £4,000)

 

Property valuation Valuation fee Additional home buyer fee Additional Fee For Building Survey
Up to £100,000  £118 £140 £376
£100,001 to £150,000 £135 £175 £402
£150,001 to £200,000  £149 £213 £432
£200,001 to £250,000  £179 £220 £438
£250,001 to £300,000 £204 £231 £450
£300,001 to £400,000 £264 £270 £466
£400,001 to £500,000 £310 £314 £505
£500,001 to £600,000  £354 £370 £575
£600,001 to £700,000 £413 £401 £595
£700,001 to £800,000

£464

£440 £625
£800,001 to £900,000   £515 £484 £634
£900,001 to £1,000,000  £549 £535 £690
£1,000,001 to £1,250,000 £695 £550 £844
£1,250,001 to £1,500,000 £834 £536 £1,005
£1,500,001 to £1,750,000 £935 £709 £1,204
£1,750,001 to £2,000,000 £1,030 £799 £1,409
£2,000,001 to £2,250,000 £1,210 £810 £1,529
£2,250,001 to £2,500,000 £1,390 £829 £1,649
£2,500,001 to £2,750,000 £1,570 £850 £1,769
£2,750,001 to £3,000,000 £1,751 £869 £1,888
Over £3,000,000 By negotiation By negotiation By negotiation

 

Telegraphic transfer fee

£0
Higher lending charge   None

 

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Link to calculators page

Link to our lending policy page

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