14 January 2004
Mortgage Intelligence offers exclusive products from
Platform
Self Certification and Buy to Let - 2 Year Trackers at
BBR + 0.85%
Members of the Mortgage Intelligence network are being
offered two exclusive products from Platform, the “one-stop”
intermediary lender of Britannia Building Society. Mortgage
Intelligence members now have access to a 2 Year Tracker at BBR +
0.85% on both Self Certification and Buy to Let.
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Self-Certification
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Buy to Let
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BBR + 0.85%
2 year tracker from completion
Reversionary rate BBR + 1.75%
Max 85% LTV
Purchase & Remortgage
No ERC overhang
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BBR + 0.85%
2 year tracker from completion
Reversionary rate BBR + 1.95%
Max 85% LTV
Purchase & Remortgage
Total lending £1m and up to 10 properties
No ERC overhang
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Early repayment charge – 4% of the amount redeemed in 1st 2
years, thereafter 1 month’s notice or 1% of the amount
redeemed
0.6% Introducer Fee
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Sally Laker, Managing Director, Mortgage Intelligence,
commented:
“We are delighted to add these exclusive products from Platform
to our range. We aim to offer great deals across the whole of the
mortgage market and these products both offer excellent rates for
customers. Also we are dedicated to giving our members freedom to
choose from a wide range of lenders and products and are very
pleased to work with Platform.”
Guy Batchelor, Sales and Marketing Director, Platform,
added:
“We are delighted to be providing an exclusive product to a
company as influential in the intermediary mortgage market as
Mortgage Intelligence. These products have been designed to offer
excellent value to customers and to meet the needs of the market.
Also, these products offer intermediaries an extremely competitive
0.6% introducer fee.”
For more information, call Mortgage Intelligence on 0845 130
7446.
For more information please contact:
Sally Laker, Managing Director, Mortgage Intelligence 01202
312984
Guy Batchelor, Platform 020 7512 4063
Jennie Campbell/Simone Fassom, Polhill Communications 020 7655
0510
Editors’ notes
Platform
Platform is the “one stop” intermediary lender of Britannia
Building Society launched in February 2003. The company was created
from the merger of Platform Home Loans and Verso, both Britannia
subsidiaries.
Platform offers a one stop shop service for intermediaries and,
as the sole intermediary lender of Britannia Building Society,
offers its clients the reassurance of strength and security.
Platform has one product range that includes a full range from
prime to non-conforming lending including Buy to Let and
Self-Certification. This means that Platform can now meet the needs
of a wide variety of borrowers, whatever their aims and
circumstances. Each case is handled by one team so from application
through to completion the intermediary will have one dedicated
point of contact with people trained in Platform’s unique approach
to cascade underwriting. Platform helps its intermediary customers
find the right mortgage from its one product range with just one
application. If a case fails from a credit perspective, the
mortgage application can be moved down the credit scale, and
offered on our non conforming range of products.
A member of the Council of Mortgage Lenders, Platform Home
Loans, the holding company of Platform, was originally established
in 1989 and entered the non-conforming market in 1997. In February
2001 the lender was acquired by Britannia Building Society. Today,
Platform has originated over 50,000 mortgages worth over £3.2bn of
mortgage business.
Platform is on the mortgage panel of a number of major insurance
companies, broker networks and estate agency chains and distributes
its products through mortgage advisers who must be members of the
Mortgage Code Compliance Board, hold a current Consumer Credit
Licence and have Professional Indemnity Insurance.
Platform is also an associate member of the Association of
Mortgage Intermediaries.
Platform have recently won Best Self-Certification Mortgage
Provider Award in the 2003 Moneyfacts Awards.
Platform Home Loans has won the following awards:
Mortgage Introducer award for best non-conforming lender,
2002
Your Mortgage magazine’s Best Non Standard Mortgage Lender of the
Year, 1998, 1999, 2000, 2001, 2002, 2003 and Highly Commended
Intermediary Lender of the Year 2003
Moneywise magazine’s Best Non Standard Lender, 2000
Financial Adviser Service Awards, 4 Star Award for service
excellence, 1999.
Mortgage Intelligence
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Mortgage Intelligence was launched in 1996 and is part of Close
Brothers Group plc, the UK’s largest independent merchant bank. It
is now the UK’s largest group of mortgage brokers and a major
source of introduced business to key mortgage lenders. In the last
financial year, we completed £5 billion worth of mortgage lending
and grew our membership base to over 6000 intermediaries.
Mortgage Intelligence was one of the first mortgage networks to
detail its plans and costs with regard to forthcoming FSA
regulation. Looking ahead, the company’s focus will be on helping
brokers to prepare for FSA regulation and marketing our three new
solutions, Spirit, Vantage and Elan. The Spirit network, for
brokers seeking appointed representative status and Vantage, for
those seeking direct authorisation from the FSA, are available now
at a discounted rate until October 2004 and Elan is our fee-free
mortgage club.
The business has more than doubled the level of mortgage lending
during the financial year to 31 July 2003 thanks to strong demand
from brokers for our exclusive products from major lenders such as
BM Solutions, Mortgage Express, the Woolwich and Platform Home
Loans. Having such a comprehensive mortgage panel of 50 lenders
which represents the whole of market, has also been key to our
success. This has meant that we have been able to offer brokers the
choice they want, including a wide range of products particularly
in the buoyant self-certification and remortgage sectors, which
have grown significantly over the last twelve months or
so.
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