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Platform bidding to build up its remortgage sales

Platform is increasing its focus on remortgaging with a new range of products.

The intermediary lending arm of Britannia Building Society has widened its criteria on remortgages and is now accepting unlimited capital-raising for any purpose up to the loan-to-value scheme limits across its entire range, which includes prime, buy to let, self-certification and sub-prime products.

Head of sales and marketing Guy Batchelor says 65 per cent of Platform&#39s business last year was house-purchase-related and he is keen to attract over 50 per cent of remortgage business this year.

Platform is also launching a bonus discount. All subprime cases received by June 1 will get an extra 0.25 per cent for the discount term, which Platform says will give discounts as high as 2 per cent and rates from 4 per cent. The periods offered have been converted from end dates to set terms, so that discounts run from completion rather than to an end date.

Batchelor says: “In 2003, we focused our energy on building the foundations for Platform following the relaunch last February. In 2004, our objective is to increase our market share and lending volumes in the intermediary specialist mortgage market. We will do this by offering attractive products, widening our product ranges and continually reviewing the level of service we provide.”


MLIM chief Jones leaves company

Merrill Lynch Investment Managers head of UK retail Michael Jones is leaving the group this week, with MLIM refusing to comment on the reasons for his departure. Jones, who has been with MLIM for six years, is being replaced by marketing director Richard Royds, who joined the group in 1997 following its acquisition of Mercury […]

F&C set for flotation in Europe

Public shares in F&C could soon be available after parent Eureko said it was considering seeking a stock exchange listing for the fund firm which is one of the UK&#39s oldest. Eureko, the Amsterdam-registered financial services group, will look to retain a majority shareholding following an initial public offering, which it says will have no […]

Credit Suisse to offer onshore version of target return fund

Credit Suisse is awaiting FSA approval to launch an onshore version of its Luxemburg-domiciled target return fund in a move aimed at boosting its presence in the fixed-income market. If given the green light, the fund will be run along similar lines to its offshore counterpart, which invests in core instruments such as Government bonds […]

Sarasin Investment Management – Sarasin Guaranteed Portfolio &#45 GlobalSar Principal Guaranteed Note

Type: Capital-protected fund Aim: Growth linked to the performance of the Sarasin CI GlobalSar sterling fund Minimum investment: Lump sum £7,000 Investment split 100% linked to the performance of the Sarasin CI GlobalSar sterling fund Term: Five years Place of registration: Guernsey Charges: Initial 5%, annual 1.5% Commission: Initial 3%, renewal 0.25% Closing date: March […]

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


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