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Platform is on the fast track for sub-prime borrowers

Specialist lender Platform Home Loans is revamping its range to include

fast-track mortgage products for borrowers denied loans with traditional

lenders.

Under the new Fast Track range, borrowers do not need to get any other

lender&#39s or employer&#39s references.

PHL is offering loans up to 85 per cent of valuation and is also

considering loans up to £1m under its “jumbo” facility.

Borrowers can opt for either a 1.25 per cent discount until August 1, 2001

or a 1 per cent cashback on completion.

PHL has revamped its self-certification range to cover employed applicants

as well as self-employed. It has increased its maximum loan from

£500,000 to £750,000.

Sales and marketing director Guy Batchelor says: “The launch of the

fast-track range takes us to a sector of the specialist lending market we

have not previously catered for.

“Building on our success with self-certification for the self-employed, we

are very pleased to be able to offer self-certification for the employed.”

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