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Platform Home Loans – 1.5 Per Cent Discount For Remortgages

Monday, November 26, 2001.



Type: Discounted rate mortgage for remortgages.

Discounted term: Until January 1, 2003.

Discount: 1.5 per cent.

Payable rate: Depends on scheme.

Minimum loan: £25,001.

Maximum loan: Loans of up to 70 per cent of valuation subject to a

maximum of £1m, 71-80 per cent subject to a maximum of £750,000,

81-85 per cent subject to a maximum of £200,000.

Income multiples: 3.5 times principal income plus second or three

times joint.

Arrangement fee: £395.

Redemption fee: 6 per cent of amount repaid in years one and two, 5

per cent in year three, thereafter 1 per cent if one month&#39s notice not

given.

Conditions: Three missed payments in the last twelve months with a

maximum of one in the last six or none in the last three, provided they

are cleared by completion. Maximum £3,000 CCJs.

Introducer&#39s fee: 1 per cent of loan, minimum £500.

Tel: 0800 6007100.

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