Platform end dates extended

Non-conforming specialist Platform Home Loans has extended the end dates on its three discounted products by four months.

The lender, confirmed as parent company Britannia Building Society&#39s first choice for sub-prime lending over Verso in September, has launched a two-year discount of 1.5% until December 1 2004, an 18-month discount at 1.75% until June 1 2004, and a one year discount of 1.5% until February 1 2004.

The discount rates apply across Platform&#39s complete product range products and are available up to 95% loan to value, with early redemption penalties of 6% in the first three years on the one year discount, and 6% in first four years for the 18-month and two-year discount products. All are available for purchase and remortgage.

Guy Batchelor, sales and marketing director of Platform Home Loans, says: “We are delighted to be able to offer these highly competitive rates – our best offers yet – giving borrowers a much wider choice of products. We have listened to our intermediaries when they say that their customers are seeking incentives which are comparable to those offered by high-street lenders. With these new lower discounts we believe that PHL has achieved this.”