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Platform increases maximum LTI ratio to 4.85


Platform is now allowing some customers to borrow up to 4.85 times income, up from its previous flat rate of 4.49.

The Co-operative Bank’s intermediary arm will lend more to applicants where LTV is less than or equal to 80 per cent including any fees added to the  loan, subject to minimum disposable income.

The loan-to-income multiple of 4.49 will continue to apply to all other residential mortgages that do not meet the criteria.

Platform head Paul Norcott says: “We’re  pleased  to  be  able  to  offer this increased loan-to-income ratio to our brokers,  helping  them  to  find  the best deal for their clients.

“We have included eligibility criteria for this more favourable loan to income ratio to  ensure  that  we’re  still  maintaining a responsible stance on lending options.”


Platform to pay 0.3% retention proc fees from May

Platform, the intermediary lender of The Co-operative Bank, has confirmed it will offer a retention proc fee of 0.3 per cent. From 31 May, brokers will be paid the proc fee for all customer renewals where advice is provided, a retention request is submitted and the customer is transferring to a new deal upon maturing of […]


Platform drops £90 admin fee on all mortgages

Platform, The Co-operative Bank’s intermediary lending arm, is removing its £90 administration fee across its whole mortgage range. Platform is also making £250 cashback available on all fixed rate mainstream mortgages. Platform head of mortgages Paul Norcott says: “It is a competitive market right now and we want to ensure that we’re offering our brokers […]


Rental housing operator Platform hires new chief executive

Platform, the rental housing operator, has appointed British Land’s former residential head as chief executive as it aims for expansion. Jean-Marc Vandevivere spent five years leading the residential arm of British Land, where he was responsible for over £800m worth of projects. Prior to this Vandevivere was in charge of strategy for the business. His […]

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In Focus — February 2015

Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.


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