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Platform Home Loans two-year discount

Platform Home Loans two-year discount

Discounted term: Two years

Discount: 1.5% discount until April 1 2004

Payable rate: 5.375%

Minimum loan: £25,001

Maximum loan: 95% up to a maximum of £500,000

Income multiples: 3.5 plus one or 3 x joint

Arrangement fee: £395 added to loan

Redemption fee: 6% in first year, 6% in second, 5% in third, 4% in fourth

Conditions: None

Introducer’s fee: 1% of loan, minimum £500

Tel: 0845 600 7100


Abbey appeals against FOS ruling in dual-pricing row

Abbey National is appealing against the Financial Ombuds-man Scheme&#39s initial ruling in favour of a borrower who complained about its alleged dual-pricing of mortgages.Last month, the FOS adjudicator upheld the individual&#39s complaint about their mortgage deal being linked to Abbey&#39s national standard var-iable rate of 6.1 per cent and not one of its new tracker […]

Nationwide in £90m mortgage payout

Nationwide Building Society is paying out £90 million to 400,000 mortgage customers following its decision to extend the Financial Ombudsman Service&#39s ruling in favour of one borrower to all others in similar circumstances.Last month the Ombudsman found in favour of the borrower on a discount mortgage linked to the Nationwide&#39s standard variable rate of 5.24 […]

Revenue solves error over 88k pensions

More than 88,000 personal pension policyholders are to finally have their policies processed by the Inland Revenue, after it accidentally switched off a computer, leaving their contracted out rebates in limbo. A server which receives data for personal pension applications and terminations from three providers was accidentally deactivated last year. Since the error was spotted, […]

Nationwide five-year fixed rate

Nationwide five-year fixed rateFixed term: five yearsFixed rate: Up to 75% – 5.59%, 75-90% – 5.69%, 90-95%, 5.79%Minimum loan: N/AMaximum loan: £500,000. Larger loans subject to individual reviewIncome multiples: 3.5 times singleArrangement fee: Non-refundable £150 reservation feeRedemption fee: 5% of outstanding loan in first year, 4% in second, 3% in third, 2% in fourth, 1% […]


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