This is available on minor, adverse, light adverse, medium adverse, fast track and right-to-buy adverse and it applies to full status and self-certification loans with a 1 per cent introducer fee.
The product follows Platform’s first three-year non-conforming LIBOR trackers and three-year fixed rates – also with no early repayment charge overhangs. The fixed rates have now been re-priced and also include minor adverse.
All the three-year tracker and fixed rate products have no overhanging early redemption charges plus the option of a £500 cashback. Introducer fees remain at 1 per cent for all non-conforming products.
A range of fixed rates have also been launched across Platform’s self-certification and buy-to-let ranges with and without £500 cashbacks.
Guy Batchelor, sales and marketing director at Platform, said: “Non-conforming lending products are now mirroring the mainstream marketplace and after feedback from introducers, we felt it was necessary to deliver a new range of non-conforming two-year fixed rate products with no ERC overhangs while still ensuring the level of fee paid to the introducer was not eroded.”
He added: “Our new range has been designed to be extremely competitive with the addition of minor adverse to the non-conforming three-year tracker and fixed rates coming as a direct result of listening to our intermediaries.”
Rod Murdison, proprietor of Murdison & Browning, said: “The non-conforming market is crying out for straightforward deals with a good rate while still retaining a respectable introducer fee so this product by Platform is most welcome.”
