Available at a fixed rate of 5.89 per cent up to 75 per cent LTV or 6.19 per cent up to 85 per cent LTV, the product comes with an arrangement fee of £995 which can be added to the loan.
The Early Repayment Charge is fixed at 5 per cent fixed until 1 December 2009 - 1 per cent or one month's notice thereafter.
The maximum loan available to borrowers is £1,000,000 up to 75 per cent LTV or £500,000 up to 85 per cent LTV.
Bill Warren, director - associate members at RAMP, commented: “Platform’s positive approach in providing products that are still very much in demand from RAMP members’ business sources, demonstrates that not only is TCF very much alive but that the market was showing signs of settling down.”
Jason Berry, head of sales at Platform said: “We are delighted to be working in partnership with RAMP to bring this exclusive product to market. We are confident that the competitive attributes of this new product together with the added security of a fixed rate offering will prove extremely popular with their database of members.
"Platform is able to capitalise on our ten years of operational experience within the specialist sector and the unequivocal backing of our parent Britannia to adjust our offering to better suit the needs of our customers.”
