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's 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's 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.”