Brittania Building Society's lending intermediary Platform has announced a new
loan-to-value band across its range of poor
credit mortgages.
The Platform loan-to-value band will be set at 70 per cent across
poor credit mortgage products ranging in type from almost prime to medium adverse.
Both two- and three-year fixed-rates are available across the product range and Platform claims that the
mortgages have no early repayment charge (ERC) overhang.
The deals are also priced at up to 0.4 per cent lower than the company's other deals, it said.
Furthermore, Platform reduced
mortgage rates across other products such as its two- and three-year self-certification mortgages and
buy-to-let mortgages fixed for two, three or five years.
The
mortgage lender's head of marketing Paul Hunt said that with
house prices increasing "rapidly" over recent years, increasing numbers of people have large amounts of equity in their
properties, meaning they require lower loan-to-value mortgages.
Platform is Brittania's only intermediary and claims to offer its clients "the reassurance of strength and security".
The company was established in 1989 and is a member of the Council of Mortgage Lenders.
