We have re-launched our Mainstream and Buy to Let mortgage ranges for both New Business and Product Switching.
Criteria Changes
We are reducing the LTV at which our maximum income multiplier of 4.85 can be considered from 80% to 75% LTV.
We have updated our lending criteria and affordability calculators to reflect this change which applies to all applications received from Friday 13 November, applications received prior to this date will not be impacted.
Product Changes
New product codes issued for all products and end dates extended to 31 March. Products and rates may change or be withdrawn at short notice subject to demand.
New Business
Mainstream
- 5 year fixed rate products at 90% LTV with £0 and £999 fee re-introduced
- Introduction of 5 year fixed rate product at 75% LTV with £1,499 fee
- 5 year fixed rate product with £999 fee at 60 to 80% LTV temporarily withdrawn
- New product codes issued for all products
- End dates extended to end March
Product Switch
Mainstream
- New product codes issued for all products
- End dates extended to end March
Buy to Let
- New product codes issued for all products
- End dates extended to end March
Help to Buy
- New product codes issued for all products
- End dates extended to end March
Pipeline deadline
Clickdecision and Illustrations: Products will be withdrawn from our website and all sourcing systems at 5pm on Thursday 12 November 2020.
Applications must be received at Platform by 5pm on 12 November. Applications must have a click decision. All applications must be accompanied by all items on our shopping list.
