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Platform widening criteria

Non-conforming lender Platform Home Loans is widening its lending criteria

for all borrowers and introducing a new loan range.

In an attempt to capitalise on what it claims is the strong performance of

its existing mortgage book, Platform will lend to borrowers with a poorer

credit history than it would previously accept.

It will now judge all cases on individual merit rather than requiring

self-certification by all applicants.

It is rolling out a new range of fixedand capped-rate products with loan

to values of up to 95 per cent compared with the previous 85 per cent LTV.

Both fixed and capped-rate loans are offered at 7.49 per cent up to 95 per

cent LTV or 7.25 per cent up to 80 per cent LTV. Loans up to £200,000

will be accepted at income multiples of 3.5 times single income or three

times joint income.

Self-certification loans for purchase are available up to 90 per cent LTV

and for remortgages at up to 85 per cent.

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