10 May 2005

Platform launches exclusive Non-Conforming Fixed Rates with RAMP

Platform, the intermediary lender of Britannia Building Society, is delighted to launch a range of 2 year and 3 year Non-Conforming Fixed Rates, with no Early Repayment Charge overhang, exclusively in conjunction with the Regulatory Alliance of Mortgage Packagers (RAMP).

Rates start from as low as 6.45% for the two year fixed and 6.40% for the three year fixed.  Both fixed rate options have a £250 Cashback, payable on completion and are available on Minor Adverse, Light Adverse, Medium Adverse, Fast-Track and Right to Buy Light Adverse.

The launch of these new products coincides with the news that year to date, on completion volumes, Platform is RAMP’s largest lender.  This is an indication of Platform’s continued support for the packager market.

Guy Batchelor, Sales & Marketing Director commented:

“We are truly delighted to have attained this position within RAMP. We have been working hard to sharpen our products to ensure that they are attractive and competitive.  These new fixed rates are a testament to our commitment to the packager market and to the work that John Rice and the members of RAMP have put into our relationship over the last few months.”

John Rice, Managing Director of RAMP commented: “The partnership that has been crafted between RAMP and Platform has gone from strength to strength. Guy and his whole team have always been a pleasure to work with. The suite of excellent new products will enhance the relationship even further”.

A summary of these new fixed rates are:

Non-Conforming 2 Year Fixed Rates with no ERC Overhang and £250 Cashback

• Rates starting from 6.45% (Minor Adverse)
• Available on Minor Adverse, Light Adverse, Medium Adverse, Fast-Track & Right to Buy Light Adverse
• Fixed until 1st July 2007
• £250 Cashback
• ERC - 6%/6% to 1st July 2007

Non-Conforming 3 Year Fixed Rates with no ERC Overhang and £250 Cashback

• 0.05% rate reduction against Core range Non-Conforming 3 Year Fixed Rates with no Cashback option i.e. Minor Adverse 3 Year Fixed now 6.40%
• Rates starting from 6.40% (Minor Adverse)
• Available on Minor Adverse, Light Adverse, Medium Adverse, Fast-Track & Right to Buy Light Adverse
• Fixed until 1st July 2008
• £250 Cashback
• ERC - 6%/6%/6% to 1st July 2008

Non-Conforming 3 Year Fixed Rates with no ERC Overhang and £650 Cashback

• 0.10% rate reduction against Core range Non-Conforming 3 Year Fixed Rates with Cashback option i.e. Minor Adverse 3 Year Fixed now 6.59%
• Rates starting from 6.59% (Minor Adverse)
• Available on Minor Adverse, Light Adverse, Medium Adverse, Fast-Track & Right to Buy Light Adverse
• £650 Cashback (includes an additional £150)
• ERC - 6%/6%/6% to 1st July 2008

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