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Platform Home Loans – 7.25 Per Cent Capped

Friday, 8 June 2001.

Capped term: Until July 1, 2002.

Capped rate: 7.25 per cent.

Minimum loan: £75,000.

Maximum loan: Up to 80 per cent of valuation subject to a maximum of £500,000.

Income multiples: 3.5 times principal income plus second or three times joint.

Arrangement fee: £395.

Redemption fee: 6 per cent of original loan in years one and two, 5 per cent in year three.

Conditions: Bankruptcy discharged, individual voluntary arrangements current and satisfactory. CCJs subject to negotiation.

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

Tel: 0845 6007100.

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Is this the endgame for the current mergers & acquisitions boom?

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