Commenting on its decision to withdraw from the self cert market at the end of the week, Platform MD, David Tweedy, said: “We understand the FSA’s concerns around income verification and fully support its aims to improve transparency in the industry. However, we continue to believe that the industry must recognise that self employed people can have different circumstances and may not always be able to provide the normal proof of income documentation required.
”As a lender which prides itself on financial inclusion Platform remains committed to supporting self employed people and will now work with the sector with a view to developing a new product that meets the FSA’s guidelines.”
The lender has said that it’s existing self cert customers will not be affected by the withdrawal from the market on November 6 and their accounts will continue to run as normal.
