Core Mainstream products
Core Mainstream products are only available to members of the
following business partners:
Appointed representatives of:
First Complete
Intrinsic
Legal & General
Lime
Mortgage Intelligence
Openwork
Personal Touch Financial Services
Pink Group
Sesame
| 65% |
4.19% |
£1,495 |
£140 |
|
| 70% |
4.29% |
£1,495 |
£140 |
Free valuation†
Free Standard Legals for remortgages
|
| 75% |
4.59% |
£1,495 |
£140 |
| 80% |
5.09% |
£1,495 |
£140 |
| 65% |
4.69% |
£1,495 |
£140 |
|
| 70% |
4.79% |
£1,495 |
£140 |
Free valuation†
Free Standard Legals for remortgages
|
| 75% |
4.99% |
£1,495 |
£140 |
| 80% |
5.29% |
£1,495 |
£140 |
| 65% |
4.99% |
£1,495 |
£140 |
Free valuation†
Free Standard Legals for remortgages
|
| 70% |
5.09% |
£1,495 |
£140 |
|
| 75% |
5.39% |
£1,495 |
£140 |
|
| 80% |
5.69% |
£1,495 |
£140 |
* If Bank Base Rate falls below 0.50% the initial/reversionary
rate will be charged at 0.50% + product reversionary rate
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† One free valuation accepted per
application, per customer
View Almost Prime core range >
Download our
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Mainstream fixed product full
details
Additional information
Available to employed and self-employed applicants
Available to first time buyers
All products are portable
Administration fee is non-refundable
Arrangement fee can be added to the loan
Reversionary rate up to 75% LTV - 4.75% (BBR*+4.25%)
Reversionary rate up to 80% LTV - 5.25% (BBR*+4.75%)
Remortgage maximum LTV's:
|
Remortgage type |
Maximum LTV |
| Home improvements |
80% |
| £ for £ |
80% |
| Capital
raising |
75% |
| Debt consolidation |
75% |
Early repayment charges (ERC)
| 2 year fixed |
2% of the amount redeemed until 31 October 2011
1% of the amount redeemed until 31 October 2012
|
|
4 year fixed |
4% of the amount redeemed until 31 October 2011
3% of the amount redeemed until 31 October 2012
2% of the amount redeemed until 31 October 2013
1% of the amount redeemed until 31 October 2014
|
| 7 year fixed |
6% of the amount redeemed until 31 October 2012
5% of the amount redeemed until 31 October 2013
4% of the amount redeemed until 31 October 2014
3% of the amount redeemed until 31 October 2015
1% of the amount redeemed until 31 October 2017
|
| 10 year fixed |
6% of the amount redeemed until 31 October 2012
5% of the amount redeemed until 31 October 2014
4% of the amount redeemed until 31 October 2016
3% of the amount redeemed until 31 October 2018
1% of the amount redeemed until 31 October 2020
|
Loan details
| |
Minimum loan amount |
Maximum loan amount |
Minimum term |
Maximum term |
|
Purchase |
£25,001 |
£1,000,000 up to 60% LTV
£750,000 up to 70% LTV
£500,000 up to 80% LTV
|
5 years |
40
years** |
|
Remortgage £ for £ |
£25,001 |
£1,000,000 up to 60% LTV
£750,000 up to 70% LTV
£500,000 up to 80% LTV
|
5 years |
40
years** |
| Remortgage Home
Improvements |
£25,001 |
£1,000,000 up to 60% LTV
£750,000 up to 70% LTV
£500,000 up to 80% LTV
(with supporting estimates)
|
5 years |
40
years** |
| Remortgage Capital
Raising |
£25,001 |
£1,000,000 up to 60% LTV
£750,000 up to 70% LTV
£500,000 up to 75% LTV
Not available up to 80% LTV
|
5 years |
40
years** |
| Remortgage Debt
Consolidation |
£25,001 |
£1,000,000 up to 60% LTV
£750,000 up to 70% LTV
£500,000 up to 75% LTV
Not available up to 80% LTV
|
5 years |
40
years** |
**Subject to maximum age criteria. If the term of the mortgage
goes beyond the projected retirement age as declared by the
applicant, Platform will decline the application or exclude this
income for joint applications.
Minimum/Maximum age
Minimum age is 18 at application.
Maximum age is 75 at the end of the term.
Fees
Introducer fee
| 2 year
fixed |
0.35% |
| 4 year fixed |
0.35% |
| 7 year fixed |
0.45% |
| 10 year fixed |
0.55% |
| Property
valuation |
Valuation fee |
Additional home buyer
fee |
| AVM |
£20 |
N/A |
| Up to £75,000 |
£105 |
£220 |
| £75,001 to £100,000 |
£115 |
£220 |
| £100,001 to £150,000 |
£135 |
£230 |
| £150,001 to £200,000 |
£165 |
£235 |
| £200,001 to £250,000 |
£200 |
£250 |
| £250,001 to £300,000 |
£225 |
£300 |
| £300,001 to £350,000 |
£255 |
£370 |
| £350,001 to £400,000 |
£295 |
£370 |
| £400,001 to £500,000 |
£355 |
£370 |
| £500,001 to £600,000 |
£420
|
£405 |
| £600,001 to £700,000 |
£490 |
£435 |
| £700,001 to £800,000 |
£540 |
£485 |
| £800,001 to £900,000 |
£600 |
£525 |
| £900,001 to £1m |
£670 |
£555 |
| £1m - £1.5m |
£970 |
By negotiation |
|
Buildings insurance administration fee
one off fee if buildings insurance is not
arranged through Legal & General
|
£30 |
| Telegraphic transfer
fee |
£15 |
| Higher lending
charge |
None |
Free Standard Legals
Includes title insurance and conveyancing and removes the need
for local, mining and mineral searches. Only available on
applicable remortgage products. Platform will instruct one of our
panel solicitors. Title insurance protects the lender in the event
of a defect of title.
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