Platform is launching its prime proposition initially with an exclusive tie up with Thinc, and Halifax is producing some fixed exclusives for Pink.
Pink has launched two shared Halifax exclusives: these include a 5.49 per cent fixed up to 75 per cent LTV and 5.74 per cent available up to 95 per cent LTV.
Platform will initially launch with a choice of two and three-year fixed rate products including fee free options and a low margin propositions. Platform will begin the exclusive three month ‘launch and learn’ pilot with Thinc, with a view to a full market rollout in March 2009.
Platform managing director David Tweedy says: “With continuing compression in the specialist mortgage sector, a mainstream proposition through intermediaries was a natural and logical step for Platform.
“We recognise that we need to adapt and respond appropriately to the current, difficult market conditions. It is vital that Platform ensures it generates the right volume of business, with the right risk profile and the right pricing.”
Thinc Group director of mortgages Alex Murray, Group says: “We have worked with Britannia for many years and have developed a close working relationship. These are exciting developments for us all and we are looking forward to developing our relationship with Platform in the future. We have been impressed by their state of the art systems and their professional approach and we are always looking for the next step in improving existing products and services.”