Product history 2011

Thursday 15 December

Deadlines

Clickdecision and kfis:

5pm Thursday 15 December

Applications:

5pm Friday 16 December

Buy to Let

2 year tracker B175 withdrawn

2 year tracker B178 withdrawn

Mainstream

2 year tracker M73 withdrawn

Friday 9 December

Deadlines

Clickdecision and kfis: 

5pm Friday 9 December

Applications:

5pm Friday 9 December

Buy to Let

Let to Buy products launched
1 year tracker B167 Options exclusive withdrawn
2 year tracker B168 Cashback exclusive withdrawn
All 4 year fixed products withdrawn
2 year fixed B151 increased by 0.20%
2 year fixed B154 increased by 0.20%
2 year tracker B161 increased by 0.20%
2 year tracker B162 increased by 0.20%
Cashback 2 year tracker B165 increased by 0.20%
 

Mainstream

2 year tracker remortgage product with £500 cashback launched
All 4 year fixed products withdrawn

Almost Prime

Packaged semi-exclusives relaunched

 Product withdrawal communication >

Sent Wednesday 7 December

Friday 21 October

Deadlines

Clickdecision and kfis: 

5pm Friday 21 October

Applications:

5pm Friday 21 October

Buy to Let
Fixed rate end dates extended to 31 January
2 year tracker with 1% cashback- rates increased by 0.20%
4 year fixed rates reduced by 0.20%

Mainstream
Fixed rate end dates extended to 31 January

Almost Prime
Fixed rate end dates extended to 31 January

 Product withdrawal communication >

Sent Wednesday 19 October

Friday 14 October

Deadlines

Clickdecision and kfis: 

5pm Friday 14 October

Applications:

5pm Tuesday 18 October

Buy to Let

1 year tracker B139 withdrawn

 Product withdrawal communication >

Sent Friday 14 October

Deadlines

Clickdecision and kfis: 

5pm Tuesday 11 October

Applications:

5pm Tuesday 11 October

2 year tracker B140 withdrawn

 Product withdrawal communication >

Sent Friday 7 October

Wednesday 21 September

Deadlines

Clickdecision and kfis: 

5pm Wednesday 21 September

Applications:

5pm Thursday 22 September

All core and exclusive products withdrawn

New products to be launched on Thursday 22 September

 Product withdrawal communication >

Sent Monday 19 September

Friday 2 September 2011

Deadlines

Clickdecision and kfis: 

5pm Friday 2 September

Applications:

5pm Tuesday 6 September

Buy to Let

1 year tracker B117 withdrawn

2 year tracker B121 withdrawn

 Product withdrawal communication >

Sent Friday 2 September

Thursday 1 September 2011

Deadlines

Clickdecision and kfis: 

5pm Thursday 1 September

Applications:

5pm Monday 5 September

2 year fixed B126 withdrawn

2 year fixed B127 withdrawn

 Product withdrawal communication >

Sent Tuesday 30 August

Thursday 1 September 2011

LIBOR review

The next LIBOR review will be 1 December

Buy to Let semi-exclusive

1 year tracker B128 withdrawn

Friday 19 August 2011

Deadlines

Clickdecision and kfis:

5pm Friday 19 August

Applications:

5pm Friday 26 August

Buy to Let semi-exclusive

2 year tracker B129 withdrawn

Deadlines

Clickdecision and kfis - 5pm Friday 22 July   

Applications - 5pm Friday 29 July

Mainstream

Fixed rate end dates extended to 30 October

1 year fixed rates withdrawn

2 year fixed exclusive products M43 and M45 withdrawn

2 and 4 year tracker exclusive products M40 and M41 withdrawn

2 year fixed rates reduced 

4 year fixed rates reduced 

Buy to Let

Fixed rate end dates extended to 30 October

1 year fixed and full term tracker rates withdrawn

2 year fixed core rates reduced 

4 year fixed core rates reduced 

2 year fixed exclusive product B106 and B108 withdrawn

3 year fixed exclusive product B104 withdrawn

2 year fixed exclusive products B105 and B107 re-launched with new product codes

1 and 2 year tracker exclusive rates launched

Free valuation extended to include all purchase and remortgage applications

Almost Prime

Fixed rate end dates extended to 30 October

1 year fixed rates withdrawn

Let to Buy criteria changes

In response to feedback from our customers Platform will now allow the remortgage of a residential property to a Buy to Let, provided the applicant is in the process of purchasing a new residential property. In order for an offer to be issued on the Buy to Let mortgage we will need to receive evidence of the offer for the new residential mortgage. There will be no exceptions to this requirement.

The current Let to Buy policy regarding retaining an existing residential mortgage when applying for a residential mortgage with Platform remains unchanged.

Mainstream

Rates reduced
Arrangement fees reduced 
2 and 4 year tracker semi-exclusives (M30 and M31) relaunched with reduced arrangement fee
2 year fixed semi-exclusive (M32) relaunched with rates reduced by and £150k minimum loan removed

Buy to Let

Rates reduced
Arrangement fees reduced
1 year fixed, 1 year tracker and 2 year tracker rates available up to 75%
New 2 year fixed semi-exclusive up to 70% LTV launched
3 year fixed semi-exclusive (B85) relaunched with reduced arrangement fee and £150k minimum loan removed
2 year fixed semi exclusive (B83) relaunched

 Product withdrawal communication > sent Thursday 2 June

Wednesday 1 June 2011

LIBOR review

The next LIBOR review will be 1 September

Friday 1 April 2011

Deadlines

Clickdecisions and kfis - 5pm Friday 1 April

Applications - 5pm Friday 8 April

Mainstream

Withdrawn 2 year tracker (M15) product

Withdrawn 4 year fixed (M21) product

Buy to Let

Withdrawn 2 year fixed (B42) and (B43) products

Withdrawn 2 year tracker (B54) and (B55) products

Withdrawn Full term tracker (B57) product

Withdrawn PTFS exclusive 2 year tracker (B58) product 

 Product withdrawal communication > sent Wednesday 30 March

Friday 14 March 2011

Deadlines

Clickdecisions and kfis - 5pm Friday 11 March

Applications - 5pm Friday 18 March 

Mainstream and Buy to Let

In order to support an upgrade to our systems, we are required to re-launch our products on Monday 14 March.

Monday 7 March 2011

Deadlines

Clickdecisions and kfis - 5pm Monday 7 March

Applications - 5pm Friday 11 March

Mainstream

Withdrawn 1 year fixed (M19) product
Withdrawn 1 year tracker (M14) product
Withdrawn 2 year fixed (M20) product
Withdrawn 2 year tracker no ERC semi-exclusive (M18) product

Buy to Let

Withdrawn all 1 year fixed (B37,B38,B39,B40) products
Withdrawn all 4 year fixed (B46,B47,B48) products
Withdrawn all 1 year tracker (B49,B50,B51,B52) products
Withdrawn selected 2 year fixed (B41,B44) products
Withdrawn 2 year tracker (B53) product
withdarwn 2 year tracker packaged semi-exclusive (B56) product

 Product withdrawal communication > sent Thursday 3 March

Tuesday 1 March 2011

LIBOR review

LIBOR increased to 0.87% with effect from 2 March

The next LIBOR review will be 1 June.

Deadlines

Clickdecision and kfis - 5pm Wednesday 23 February

Applications - 5pm Wednesday 2 March

85% LTV rates withdrawn
2 year tracker M17 semi-exclusive withdrawn
All fixed rates increased 

Buy to Let

1 and 2 year fixed rates increased

4 year fixed rates increased

All tracker rates increased

 Product withdrawal communication > sent Monday 21 January

All core and exclusive products withdrawn

General

All fixed rate end dates extended to 30 April

 Mainstream

All fixed and tracker rates reduced

3 year tracker rates withdrawn

Buy to Let

All fixed and selected tracker rates reduced

New £0 and £995 arrangement fee option

3 year tracker rates withdrawn

Minimum property value increased to £75,000

Maximum loan size reduced to £350,000

Maximum total properties ownde with all lenders increased from 5 to 10

Rental calculation changed to 125% of pay rate or reversionary rate, which ever is higher

Almost Prime

New 1 year fixed and tracker products

 Product withdrawal communication > sent Wednesday 26 January

Deadlines

Clickdecisions and kfis - 5pm Tuesday 11 January

Applications - 5pm Tuesday 18 January

 Product withdrawal communication >

sent Friday 7 January