Minor Averse has a rate of 5.99 per cent with full status and a maximum LTV of 90 per cent. Light adverse has a rate of 6.49 per cent with full status and self-cert and a maximum LTV of 85 per cent.
Medium adverse has a rate of 6.75 per cent with full status and self-cert and a maximum LTV of 85 per cent. Fast-track has a rate of 6.99 per cent with self-cert status and up to 85 per cent LTV. Right-to-buy has a rate of 6.99 per cent with full status and self-cert.
The early repayment charge is 6 per cent of the amount redeemed in the first two years and 5 per cent in the third year.
Paul Banfield, partner at Best Advice Financial Planning, said: “Two-year fixed rates are immensely popular at the moment so Platform has hit the market at the right time. The 5.99 per cent product is very competitive but the penalties Platform has incorporated into these deals are quite high.”
Mike Cook, head of product management and development at Kensington Mortgages, said: “The introduction of fixed rates on non-conforming products reflects our own recent experience over the last few months.
“Our one, two and three-year fixed rate sales have been steadily increasing, reflecting the customer demand for rate certainty.”
Guy Batchelor, sales and marketing director at Platform, commented: “With the success of our self-certification and buy-to-let fixed rates we felt it was a natural step to extend these offers across our non-conforming range.”
