5 September 2007
Platform celebrates milestone 10th anniversary
- 10 years of growth, evolution and innovation -
On Wednesday 12th September, Platform, the intermediary
lender of Britannia, will be celebrating ten years of continuous
operation in the UK mortgage industry. Launching into the
non-conforming marketplace in 1997 as The Money Store, the company
has grown from a humble three-person set-up to an organisation
boasting 350 staff, originating 152,000 mortgages worth over
£14.5bn across all specialist intermediary products.
To mark the occasion, Platform will be hosting an exclusive
party on 12th September for 150 guests comprising packagers,
brokers and members of the press at London’s Cannon Bridge Roof
Garden.
Platform reflects on the past ten years and the significant
milestones on its journey:
September 1997 – Money Store launches into both
direct and intermediary markets
June 1998 – Money Store bought by First Union in
US
September 1999 - Money Store UK sold to Cabot
Square, direct arm closed and renamed to Platform Home Loans
February 2001 – Platform Home Loans acquired by
Britannia Building Society
February 2003 – Platform Home Loans and Verso
merge to create Platform
July 2005 – clickdecision launched
July 2006 – clickapplication launched
February 2007 – Platform issues first sameday
offer
David Tweedy, Managing Director, Platform said:
“We are extremely proud to be celebrating ten years of
continuous operations within the UK mortgage industry. Our journey
has taken us from humble beginnings to one of the country’s leading
specialist intermediary lenders and I want to thank everyone who
has played a part in getting us to where we are today, colleagues
and customers both past and present. We have seen huge
changes in the industry over this period. An influx of new lenders
vying for a greater market share, the introduction of mortgage
regulation and the advent and application of new technologies and
processes, to name but a few, have all radically changed the way
business is conducted today.
“Although we currently find ourselves in challenging times,
Platform, together with its parent Britannia is ready to embrace
the opportunities that future change will undoubtedly bring and I
for one am relishing the prospect of leading Platform successfully
through another ten years of growth, evolution and innovation.”
Roger Morris, Managing Director of em Financial said:
“I am proud to say we have worked with Platform ever since it
launched into the market and it has supported our business through
thick and thin. It is no mean feat to have survived and prospered
so well over the last ten years and our heartfelt congratulations
go to the business for what it has achieved.”
Stephen Smith, Director, Housing, Legal & General said:
“We have been doing business with Platform for many years and
have always received a professional and efficient service when
dealing with them. Platform should be extremely proud of its
achievements and we look forward to working with them over the next
ten years – congratulations.”
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