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Product history 2017

Date of product change

Summary of changes

Monday 5th June Mainstream (New Business & Product Switching)

- Selected 2 year fixed rates increased by 0.05%

- End dates extended on all products to the end of August

- New product codes will be issued for all products

 

BTL (New Business & Product Switching)

- Fixed rate reductions of up to 0.25%

- End dates extended on all products to the end of August

- New product codes will be issued for all products

Monday 15th May Mainstream (New Business & Product Switching)

- Selected rates reduced by up to 0.10% on all fixes (excluding 5 year 90% LTV fixes)

- End dates remain unchanged

- New product codes will be issued for all products

 

BTL (New Business & Product Switching)

- 2 year fixed rates reduced by 0.10%

- End dates remain unchanged

- New product codes will be issued for all products

Tuesday 2nd May

Mainstream (New Business & Product Switching)

- Selected rates reduced by up to 0.10% for 2 & 5 year fixes (60-85% LTV) and 0.05% for 3 year fixes (60% LTV)

- End dates remain unchanged

- New product codes will be issued for all products

 

BTL (New Business & Product Switching)

- Select rate decreases up to 0.10% on 2 year fixes and 0.05% on 3 & 5 year fixes

- End dates remain unchanged

- New product codes will be issued for all products

 

Loan to Income Multiple Changes

We have altered our Loan to Income Multiple to 4.85 x sole or joint income (where LTV is <= 80% (including any fees added to loan) and subject to a disposable income of at least £125). 4.49 x sole or joint income will be used when this criteria has not been met.

Wednesday 12th April

Mainstream (New Business & Product Switching Ranges)

- Rate increases of 0.05% for all 90% LTV 2 year fixed products

- End dates extended to 31st July

- New product codes for the entire range

 

BTL (New Business & Product Switching Ranges)

- New product codes issued for entire range

- End dates extended to 31st July

- All other product information remains the same

Monday 3rd April - From Monday, 3rd April, Platform will be offering a new existing customer range & process for product switches.

 

- In addition we will be issuing new product codes for all New Business products in the current range. Please note that no other product information will change within the current New Business range.

Monday 13th March Platform will be making some key changes to our Early Repayment Charge (ERC) structure across both our Mainstream and BTL ranges:

 

As of Monday 13th March Platform’s ERC structure is changing, so that during the early repayment charge period, overpayments can be made up to 10% of the outstanding mortgage balance on last anniversary or account open date without incurring an early repayment charge. This new ERC structure will apply to all customers who receive an offer on or after 12th March. Customers who have received an offer prior to

12th March will retain the previous ERC structure. For full details please reference our Mainstream & BTL product guides.

Friday 3rd March

Mainstream
- End dates extended to 31st May

- Some rate increases of 0.05% to 2 and 5 year fixed products.

 

BTL

- End dates extended to 31st May

- No change to rates

 Monday 6th February Mainstream
- £90 Administration Fee temporarily removed, £250 cashback on all Fixed Rate products, some rates increased/decreased.
- New product codes issued

 

BTL

- £90 Administration Fee temporarily removed, rates reduced on selected 2 Year Fixed Rate products
- New product codes issued for all products

Friday 27th January

Mainstream

- No change to rates or end dates

- New product codes issued for all products to enable the introduction of the new valuation fee scale.

 

BTL

- No change to rates or end dates

- New product codes issued for all products to enable the introduction of the new valuation fee scale.

Monday 16th January

Mainstream

- 2 year fixed rates at 90% LTV with £299 and £1499 arrangement fee reintroduced
- 2 year fixed rate at 85% LTV with £0 arrangement fee and £250 cashback withdrawn without replacement
- 2 year fixed rates at 90% LTV reduced by up to 0.09%
- 3 year fixed rates reduced by up to 0.15%
- Selected 5 year fixed rates at 85%-90% LTV reduced by 0.10%
- Fixed end dates extended to 30 April
- New product codes issued for all products

 

BTL

- Selected 2 year fixed rates at 60% LTV reduced by 0.05%
- Selected 5 year fixed rates at 60% and 75% LTV reduced by 0.05%
- Fixed end dates extended to 30 April
- New product codes issued for all products

 

Product history 2016 >



 

 

 

 

 

 

 

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