23 August 2004
Platform celebrates record month and receives MTA
letter
- Platform recognised as Best Intermediary
Lender
Platform, the "one-stop" intermediary lender of
Britannia Building Society, is celebrating an exceptionally
successful year, with a large increase in completions across its
"one" product range of over 100%, since July 2003. Advances for
July 2004 totalled £303m. The lender has also received its Minded
to Approve letter from the FSA.
Platform has experienced tremendous growth through 2004, both
new business origination and profits earned are well ahead of
targets year to date and completions in line to smash the £2.5bn
2004 target.
One area where Platform has especially excelled is in the
specialist lending market. The lender has seen an increase in
buy-to-let lending of 274%, year on year, and, as such, has
established itself as one of the top lenders in this market. Also,
tremendous demand for Platform’s self-certification products has
led to completions more than doubling, since July 2003.
Lending figures in Platform’s core area of non-conforming
lending are also very positive. Light and Minor adverse product
lines have seen a dramatic growth, with minor adverse, in
particular, up 300% from this time last year.
In response to this increase in demand, Platform has put in
place a recruitment drive for a number of key management
appointments. Positions currently being recruited are seven
Business Development Managers, Head of Projects, Head of Strategy,
E-commerce Manager, and a further four Mobile Underwriters.
Guy Batchelor, Sales & Marketing Director, Platform,
commented;
"Over the past year we have seen tremendous performance at
Platform. Brokers now fully recognise us as a "one stop" shop, as
can be evidenced by the increasing volume of buy-to-let and
self-certification business we are writing. Having said that now is
not the time to be resting on our laurels, as there is still much
to be done, with a number of ambitious projects in the pipeline. We
can guarantee that intermediaries will see many exciting
developments from Platform in the near future."
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