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Platform Home Loans – House Plus Full Term Tracker

Platform Home Loans

House Plus Full Term Tracker

Type: Self-cert buy-to-let tracker mortgage

Tracker term: Life of loan

Tracker rate: Up to 85% of valuation – 1.29% above Bank of England base rate, up to 75% of valuation – 1.39% above Bank of England base rate
Payable rate: Up to 85% of valuation – 5.79%, up to 75% of valuation – 5.89%

Minimum loan: 42,500

Maximum loan: Up to 85% of valuation subject to a maximum of #300,000, up to 75% of valuation subject to a maximum of #1m
Income multiples: Up to 3.5 times principal income plus second or three times joint, 100% allowance for bonus/overtime/commission

Conditions: Maximum of one property allowed, not available to first-time buyers

Arrangement fee: 599

Redemption fee: None

Introducers fee: 0.5% of original loan subject to #250 minimum and #5,000 maximum

Tel: 0845 070 1999

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