A major change is the introduction of 2 Year Fixed Rates on Platform’s Non-Conforming range. The new products are simpler to use making them easier for intermediaries to sell and are the result of an extensive review following major changes in the Non-Conforming sector.
The re-design follows on from the successful launch of the one product range in February which introduced Platform as a one stop full-status lender. Now, in response to intermediaries’ comments, new products, rates and criteria have been introduced. Highlights of the new range are:
Non Conforming
Self-Certification
Buy to Let
Prime
Platform’s lending criteria have also been improved to bring in consistent standards across the one product range and enhance the cascade underwriting process. Key changes are:
Non-conforming
Self-certification
Guy Batchelor Sales and Marketing Director of Platform commented:
“These changes are designed to build on the great success we have had since the launch of our one product range - lending volumes have increased by over 500% and we’re now looking to increase that. We have listened to intermediaries’ feedback and reviewed the entire range to respond to needs in the changing market – it’s the biggest review we have had in a long time and means that we now have the widest choice of rates in the non conforming sector.
“Basically what we have done is to simplify the overall range of products, smooth out the lending criteria to make them more consistent and reduce some margins. The result is a brand new product range that’s easier for intermediaries to sell. In particular, the new 2 Year fixed rates on our Non Conforming products are in response to intermediaries’ comments and we expect these will be in high demand.”
www.platformhomeloans.com
