Platform is part of The Co-Operative Bank and provides mortgages from a network of intermediaries and mortgage brokers.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Platform is part of The Co-Operative Bank. Platform does not deal with members of the general public. Instead, it provides mortgages via a network of intermediaries and mortgage brokers. Platform only does business with intermediaries who hold a Consumer Credit Licence. Brokers and other intermediaries must be authorised by the Financial Conduct Authority.
There is a wide selection of Platform mortgages on offer via selected intermediaries. Platform provides mortgage products for mainstream borrowers. These include first time buyers and customers wishing to move home, customers looking to re-mortgage on a more competitive deal, and those who would like to borrow more money. First time buyers must have been employed for at least six months.
Platform mortgage products vary at any given time, but they usually have a good choice of fixed rate and tracker deals on offer.
Funds from a re-mortgage can be used for home improvements, capital raising and debt consolidation, but the maximum loan to value will lessen depending on the purpose of the mortgage.
Some Platform mortgage deals qualify for free arrangement fees, free legal advice and a free valuation. However, conditions will apply.
Customers with a history of adverse credit, including CCJs, mortgage arrears, bankruptcy or IVAs will not be considered for a mortgage with Platform. Payment defaults in excess of £100 in the previous six years will also negatively impact on a mortgage application.
Mortgage terms up to 40 years are allowed, but customers can be no older than 75 years at completion of the loan.
The maximum amount that Platform will lend is £1 million. Applicants must be at least 18 years and UK or EU nationals. Non-UK and EU nationals must provide proof of residency.
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