1 December 2004
Market leading new Non-Conforming 2 Year Fixed Rates from
Platform
- Rates start from as low as 5.99% -
Platform, the "one-stop" intermediary lender of
Britannia Building Society, has significantly developed its market
leading one product range with the addition of five new,
competitively priced 2 year fixed rate non-conforming
products.
These products are Platform's first 2 year fixed rate products,
specifically designed for the non-conforming market, for over a
year and and are available across the whole sub prime range of
products.popular Minor, Light and Medium Adverse mortgage products,
Fast-Track and Right to Buy.
NON-CONFORMING FIXED RATE PRODUCTS - KEY
FEATURES
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Minor Adverse
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Light Adverse
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Medium Adverse
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Fast-Track
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Right to Buy
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Fixed until 1/2/07
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5.99%
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6.49%
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6.75%
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6.99%
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6.99%
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|
Status
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Full Status
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Full Status & Self-Cert
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Full Status & Self-Cert
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Self-Cert
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Full Status & Self-Cert
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Maximum LTV
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90%
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85%
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85%
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Up to 85%
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Up to 85%
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Note: Early Repayment Charge: 6%/6%/5% of amount redeemed in 1st
3 years
Medium Adverse, Fast-Track & Right
to Buy fixed rates available on all schemes within these ranges
Guy Batchelor, Sales & Marketing Director at Platform,
commented;
"Such has been the success of our self certification and
buy-to-let fixed rates, launched earlier this month, that we felt
it was a natural step to extend these offers across our
non-conforming range. Over recent weeks we have experienced an
increase in demand from our intermediary clients for our fixed rate
products and so we have great pleasure in launching these products
to meet their needs.
"The next stage in Platform's development, now that we have
smoothly entered the regulated world, is to progress with a number
of exciting online projects, designed to make our offering even
more attractive to intermediaries.our intermediary clients."
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