21 March 2006
Platform announces 20% completions increase in 2005
- exceeds £5billion in mortgage assets
Platform, the intermediary lender of Britannia, has
announced a 20 per cent increase in completion volumes in 2005
compared to 2004, which resulted in over £3billion of completions.
In addition, over the last few weeks, the specialist lender has
also hit the significant milestone of over £5billion of mortgage
assets.
These figures follow the recent announcement by the Council of
Mortgage Lenders (CML) of the top ten buy to let lenders in the UK,
where Platform was ranked 8th overall in 2005 in terms of new
business origination, an improvement of two places on 2004.
The launch of Platform’s online decision facility
clickdecision in July last year together with
major changes to both pricing and credit across the
Self-Certification, Buy to Let and Non-Conforming product ranges
have been major contributory factors in helping the company to
exceed its operational targets. Also, the launches of electronic ID
verification on clickdecision and House Plus,
Platform’s Self-Cert Buy to Let product, towards the end of 2005
undoubtedly contributed to the success achieved by the lender.
David Tweedy, Managing Director of Platform commented:
“2005 was a busy but enormously successful year for Platform and we
are delighted to have exceeded our growth targets and consequently
have made a valuable contribution to the Group.
“The launch of clickdecision was a highly
strategic step for the business as a whole and has helped us to
take advantage of a wealth of new market opportunities. We are
fully committed to offering new and innovative product and service
initiatives to our growing customer base of intermediaries and
packagers and this is reflected in the forthcoming developments to
our online systems, which include online applications. Our
continued success is testament to the hard work and dedication of
our staff and we are looking forward to an exciting year
ahead.”
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