6 October 2004
Platform introduce major enhancements to Non-Conforming product
range
Platform, the "one-stop" intermediary lender of
Britannia Building Society, is gearing up for growth in 2005 with a
major revamp of its non-conforming product range, which will now
provide better value for customers.
Platform has added a new Fast-Track 75 product to its existing
range and is also offering a £500 cashback on all Fast-Track
products. The lender has also reduced margins on their 90% Purchase
and Medium Adverse range. A new Right to Buy product range has been
launched at thinner margins and the Bonus Discount facility has
been extended until 31st January 2005.
Enhancements to Non-Conforming Range
- Margins reduced by up to 0.75% on Medium
Adverse, Fast-Track & Right to Buy
- £500 Cashback on all Fast-Track
products
- New Fast-Track 75 product launched (LIBOR
+ 3.50%)
- New Right To Buy product range
- BONUS DISCOUNT extended, an extra 0.25%
discount applied to 1 Year, 18 Month & 2 Year discounts on all
cases received by 31st January 2005
Guy Batchelor, Sales & Marketing Director at Platform,
commented;
"We have not had a major review of our Non Conforming range for
nearly a year. The performance of our Non Conforming loan book has
been extremely good and we are therefore keen to originate more
volume in 2005.
"We are delighted that our new Right To Buy range is market
leading in terms of price and loan to values available. In
recognition of the growth of remortgage business, we have also
launched new products, in the form of a new 75% Fast Track
mortgage, and a £500 Cashback on the whole Fast-Track range, to
help these borrowers.
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