View more on these topics

Platform enhances product range

Platform, the intermediary lender of Britannia, has revealed it plans to enhance its current product range with additions to both lending criteria and new interest rates.

In the first of a series of exciting initiatives planned over the course of this year, Platform is launching its first wave on Monday June 12 and these include increased income multiples, 90% LTV buy-to-let and wider LTV bandings.

The introduction of these products will compliment Platform’s offering in the specialist mortgage market.

With a plethora of new entrants in the specialist lending sector due to launch in the next few months and many of the existing providers widening their product offerings, Platform has decided to meet this challenge by improving its existing product range which will provide mortgage intermediaries with far more solutions for their clients.

Platform says the experience gained after nearly 10 years in the sub-prime sector plus being part of the Britannia Group, gives it a significant advantage in terms of the company’s ability to accurately assess the risks, mitigants and the pricing in this sector of the market.

Clickdecision, Platform’s online decision facility, has been adapted to cater for these new products and criteria changes.

The lender is also scheduled to enhance its online facilities with the launch of its online application facility later in the summer.

Guy Batchelor, sales and marketing director at Platform, says: “We are having a record year for completions in 2006, however the market is getting tougher due to the current competition widening their product ranges and the influx of new players.

This new product range is the first of a number of developments that Platform will be announcing over the course of the next six months which are designed to maintain and enhance our standing within the specialist mortgage sector and also make us easier to do business with.

“During the product development process, it was clear to us that these initiatives would make us ‘best of breed’ in many areas of the market and our ultimate aim was to develop a product range that would appeal to our wide ranging distribution which includes packagers, as well as mortgage brokers and IFAs.

As a lender that has been operating in the specialist sector for nearly ten years, I believe, this year will undoubtedly prove to be the most significant in terms of change and we are determined that Platform maintains it’s market position at the forefront of the specialist mortgage sector.”

Recommended

Moody’s upgrades Leeds’ credit rating

Moody’s has upgraded Leeds’ credit rating. Financial institutions use the rating to assess the credit risk of banks and building societies and their ability to meet financial obligations.Leeds was one of only two societies to receive an improved rating.According to Moody’s, the upgrade reflects the good financial performance of Leeds in recent years, particularly its […]

NU hits back at claims that direct clients are losing out

Norwich Union has rebuffed claims that dealing direct with lifetime mortgage providers costs consumers more and says many borrowers prefer to deal direct with providers rather than IFAs. Key Retirement Solutions has calculated that customers pay 5m more in interest annually by buying products directly from companies rather than seeking independent financial advice. It justifies […]

Landlords anticipate house price increase

A vast majority of landlords expect to see a significant increase in house prices over the next 12 months, reveals the latest survey from Mortgage Trust.The survey shows confidence in the housing market has reached record levels with 90% of respondents expecting house prices to rise over the coming year.Within that 90%, 53% expect an […]

Bolton continues packager attack

Michael Bolton, the controversial former head of mortgages at BM Solutions, con- tinued his vitriolic attack on the packager market last week stating that it was the “clear loser of mortgage regulation”. Bolton, fresh from a two-week break in Barbados, says: “Since Mortgage Day, the clear losers have been mortgage packagers. Their position remains as […]

Identifying best-in-class UK stocks — Mark Martin, Neptune UK Opportunities Fund

FE Alpha Manager Mark Martin assumed management of the multi-cap UK Opportunities Fund at the beginning of February. As manager of the highly regarded UK Mid Cap Fund, Martin has begun restructuring the new portfolio to focus on our very best UK stock ideas from across the FTSE All-Share Index. In this video, update Martin addresses:

– Themes informing the UK Opportunities Fund
– The multi-cap structure of the fund
– UK equity valuations

Newsletter

News and expert analysis straight to your inbox

Sign up