Platform has added a new Fast-Track 75 product to its existing range and is also offering a £500 cashback on all Fast-Track products. The lender has also reduced margins on their 90% Purchase and Medium Adverse range. A new Right to Buy product range has been launched at thinner margins and the
Bonus Discount facility has been extended until 31st January 2005.
Enhancements to Non-Conforming Range
* Margins reduced by up to 0.75% on Medium Adverse, Fast-Track & Right to Buy
* £500 Cashback on all Fast-Track products
* New Fast-Track 75 product launched (LIBOR + 3.50%)
* New Right To Buy product range
* BONUS DISCOUNT extended, an extra 0.25% discount applied to 1 Year,
18 Month & 2 Year discounts on all cases received by 31st January 2005
Guy Batchelor, Sales & Marketing Director at Platform, commented;
"We have not had a major review of our Non Conforming range for nearly a year. The performance of our Non Conforming loan book has been extremely good and we are therefore keen to originate more volume in 2005.
"We are delighted that our new Right To Buy range is market leading in terms of price and loan to values available. In recognition of the growth of remortgage business, we have also launched new products, in the form of a new 75% Fast Track mortgage, and a £500 Cashback on the whole Fast-Track
range, to help these borrowers meet the costs associated with remortgaging.
