Platform Home Loans offers extended discounts

Platform Home Loans has now extended the end dates on its three discounted rates by four months.

The lender has launched a 2 year discount of 1.5% until 1st December 2004 and an 18 Month discount at 1.75% until 1st June 2004. These products make the range of choice on the non conforming market as broad as that offered by high street lenders.

A 1 year discount of 1.5% until 1st February 2004 is also available. The discount rates apply across PHL&#39s complete range of products giving one of the widest choices of discounts in the non-conforming sector.

Details of discounts up to 95% LTV

• 1 Year 1.5% discount until 1 February 2004

• 18 month 1.75% discount until 1 June 2004

• 2 Year 1.5% discount until 1 December 2004

• Early redemption penalties:

• 1 year discount: 6%/6%/5% in first three years

• 18 month and 2 year discounts: 6%/6%/5%/4% in first four years

The above offers are available for purchase and remortgage,for full status and self-certification and apply to all products including; Fast Track, Right to Buy and Light Adverse. The interest is calculated daily and the minimum loan is £25,001.

Guy Batchelor, sales and marketing director at 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.”