Platform, the intermediary
lender for the Britannia
Building Society, has just released an exciting new
mortgage deal. Platform announced that its new non-conforming 2 year fixed
mortgage rates gave borrowers a cheaper option than other products on the market, by as much as 0.50%.
The new range gives consumers the chance to hold a 2 year fixed rate, and is aimed at those borrowers who have had
credit difficulties in the past. A 2 year fixed rate
loan could provide them with the possibility of repairing their credit history.
All the
fixed rates have no early repayment overhang, and they are available across Platform’s non-conforming range: from Almost Prime through to Heavy
Adverse (excluding
Right to Buy and
Buy to Let.) A charge of 1.5% will be levied as an arrangement fee.
The announcement by Platform of their new fixed
rates comes shortly after their introduction of the House Plus product, known as the
Self-Cert way to Buy-to-Let. This clever product provides the borrower with the opportunity of owning a second
property without the need to prove rental income.
Platform are having a great deal of success in the non-conforming market, and their decision not to increase their 2 and 3 year non-conforming fixed rates will be well-received.
