Mainstream criteria
To help make our 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 Mainstream products click on the
links below.
View our Mainstream products
>
Product details
All products are portable
Administration fee is non-refundable
Reversionary rate:
Up to 75% LTV - 4.75%
(BBR + 4.25%)
Up to 85% LTV - 5.25%
(BBR + 4.75%)
Arrangement fee can be added to the loan
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Loan details
| Loan Purpose |
Maximum LTV |
Minimum property
value |
Minimum loan
amount |
Maximum loan amount |
Minimum term |
Maximum term |
| Purchase |
85% |
£50,000 |
£25,001 |
£1,000,000 up to 60% LTV
£750,000 up to 70% LTV
£500,000 up to 85% LTV
|
5 years |
40 years** |
| Remortgage £ for £ |
85% |
£50,000 |
£25,001 |
£1,000,000 up to 60% LTV
£750,000 up to 70% LTV
£500,000 up to 85% LTV
|
5 years |
40 years** |
| Remortgage home improvements |
85% |
£50,000 |
£25,001 |
£1,000,000 up to 60% LTV
£750,000 up to 70% LTV
£500,000 up to 85% LTV
|
5 years |
40 years** |
| Remortgage capital raising |
75% |
£50,000 |
£25,001 |
£1,000,000 up to 60% LTV
£750,000 up to 70% LTV
£500,000 up to 85% LTV
|
5 years |
40 years** |
| Remortgage debt consolidation |
75% |
£50,000 |
£25,001 |
£1,000,000 up to 60% LTV
£750,000 up to 70% LTV
£500,000 up to 85% LTV
|
5 years |
40 years** |
**Subject to maximum age criteria. If the term of the mortgage
goes beyond the projected retirement age as declared by the
applicant, Platform will decline the application or exclude this
income for joint applications.
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Applicant details
Available to employed and self-employed applicants
Available to first time buyers
Minimum age is 18 for Mainstream products.
Maximum age is 70 at the end of the term.
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Fee
details
| Introducer fee |
0.35%
(max £3,500)
|
| Property valuation |
Valuation fee |
Additional home buyer fee |
| AVM |
£20 |
N/A |
| Up to £75,000 |
£105 |
£220 |
| £75,001 to £100,000 |
£115 |
£220 |
| £100,001 to £150,000 |
£135 |
£230 |
| £150,001 to £200,000 |
£165 |
£235 |
| £200,001 to £250,000 |
£200 |
£250 |
| £250,001 to £300,000 |
£225 |
£300 |
| £300,001 to £350,000 |
£255 |
£370 |
| £350,001 to £400,000 |
£295 |
£370 |
| £400,001 to £500,000 |
£355 |
£370 |
| £500,001 to £600,000 |
£420
|
£405 |
| £600,001 to £700,000 |
£490 |
£435 |
| £700,001 to £800,000 |
£540 |
£485 |
| £800,001 to £900,000 |
£600 |
£525 |
| £900,001 to £1m |
£670 |
£555 |
| £1m - £1.5m |
£970 |
By negotiation |
| £1.5m - £2m |
£1,160 |
By negotiation |
| £2m - £2.5m |
£1,410 |
By negotiation |
| £2.5m - £3m |
£1,660 |
By negotiation |
|
Buildings insurance administration fee
one off fee if buildings insurance is not
arranged through Legal & General
|
£30 |
| Telegraphic transfer
fee |
£15 |
| Higher lending
charge |
None |
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