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Platform offers new fix

Platform Home Loans is launching a new range of market leading fixed rates starting from 4.99% and fixed until October 1 2003.

The new fixed rates are:

  • Up to 65% LTV = 4.99%
  • Up to 75% LTV = 5.49%
  • Up to 85% LTV = 5.99%
  • Up to 95% LTV = 6.99%

    The fixed rates are available across the whole range of Platform products with the exception of right-to-buy. There is an early redemption fee of 6% for the first three years and a minimum loan of £25,001 applies. As a limited tranche of funds is available, so intermediaries are encouraged to check availability with Platform where necessary.

    Guy Batchelor, sales and marketing director of Platform, says: “We are delighted to announce these very competitive fixed rates – this means that we are now offering the widest choice of products, both fixed and discounted, in the non conforming market.

    “There is a high demand for fixed rates at the moment from intermediaries and by taking advantage of the recent fall in the cost of fixed rate money we have been able to meet this demand. As ever, we are taking our clients&#39 needs into consideration and using the options on the market to offer them the widest possible choice.”


Aim for a soft landing

From Mark HowellIt was with interest that I read your comments regarding the tendency of sub-prime lenders to box customers into light, medium and heavy adverse categories, resulting in borrowers paying for credit problems they may not have.Pink Home Loans recognised this fact some time ago and developed a product designed to avoid this situation […]

FSA publishes near-final post-sales rules

The FSA has published near-final post-sale rules &#45 the only part of the draft rules presented in CP98 to survive the last year&#39s decision to extend the scope of mortgage regulation to include mortgage intermediaries. Draft rules in CP98 related only to lending and administration, but the FSA says the “change in scope of mortgage […]

FSA outlines initial disclosure format

The FSA is proposing that firms provide consumers with an initial disclosure document, telling consumers not only what the firm is able to offer them, but also what it cannot. This is designed to allow the consumer to make an informed decision about whether to use a particular firm before deciding to go ahead with […]

Drop-lock deal from Savills

Savills Private Finance is offering an exclusive drop-lock mortgage deal which allows borrowers to track base rates now, but drop into a fixed or capped rate product from the same lender at any time. The mortgage tracks the Bank of England base rate at 0.5% above for five years, giving a current pay rate of […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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