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PHL 007

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					July 07
product guide


highlights




Plus
    110% Rental allowed on Conforming Buy to Let
    No Higher Lending Charge up to 90% LTV on
    Non-Conforming products




                                                                     Ne
                                                                       w
    Right to Buy available across standard Non-Conforming products




                                                                     Fi
                                                                       xe
    with NO rate loading. Available up to 85% LTV




                                                                         d
                                                                     Ra
    Almost Prime 95% Self-Cert




                                                                       te
                                                                         s
    2 Year Tracker with NO ERC overhang available across
    Non-Conforming range

    Non-Conforming 1 Year Tracker with 2 year ERC,
    rates starting from 4.89%
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July 07
Products
                                                                                                                             Conforming




                                                                                                                                                                                          click step
                                                        Prime (Full Status only)                                                     Self-Certification                                             Flexible Self-
                                                                                                                                                                                                    Certification

                                                              75%                              95%                75%                              85%                                90%                     85%

                                                            5.69%                             5.84%             5.74%                            5.84%                                6.04%
Maximum LTV



                                                            5.69%                             5.84%             5.74%                            5.84%                                6.04%

                                                            5.79%                            5.94%             5.84%                             5.94%                                6.14%

                                                            5.69%                             5.84%             5.74%                            5.84%                                6.04%
1 Year Tracker (from completion)




                                                                                              6.49%                                                                                                         7.00%
2 Year Tracker (from completion)




                                                            6.34%                             6.59%             6.19%                            6.49%                                6.69%
2 Year Tracker




                                                            6.44%                            6.69%             6.29%                             6.59%                                6.79%
3 Year Tracker (from completion)




                                                            6.34%                             6.49%             6.09%                            6.49%                                6.69%
Full Term Tracker

2 Year Fixed (until 1st November 2009)
2 Year Fixed
                        (from completion)
Remortgage Special with FREE Legal Fees




3 Year Fixed (until 1st November 2010)
(including Title Insurance)




Reversionary Rate

Higher Lending Charge
                                                                              7.50%                                                                7.50%




Maximum Loan
                     (until 1st November 2009)
Remortgage Special with FREE Legal Fees




Arrangement Fee (added to loan)
(including Title Insurance)




                                                                                                                    £1m                            £500k                              £400k                    £500k



FAST Remortgage Option
                                                                               £695                                                                 £695                                                        £695
                                                                            BBR + 2.00%                                                          BBR + 2.00%




Introducer Fee
                                                                               £350                                                                 £350                                                        £350
                                                               None up to 90% LTV (above 90%, charged
                                                            from 75% LTV @ 6.95% and added to the loan)                                             None                                                        None




Income Multiples




Early Repayment Charges
                                                                              0.35%                                                                0.50%                                                       0.50%
                                                       95% - £200k / 90% - £300k / 85% - £500k / 75% - £1m
(House Purchase & Remortgage)




Additional Notes
Includes Title Insurance and Conveyancing
(Optional & added to the loan. Can be applied to
all rates with exception of Remortgage Specials)


                                                                      (Min £250/Max £3,500)                                                 (Min £250/Max £5,000)                                       (Min £250/Max £5,000)

                                                                  4.75 + 1 or 4 x Joint up to 75% LTV                                                                                             4.75 + 1 or 4 x Joint up to 75% LTV




1 Year Tracker                                      5% of amount redeemed in 1st Year
                                                                                                             4.75 + 1 or 4 x Joint                             4.5+1 or 3.5 x Joint               4.5 + 1 or 3.5 x Joint over 75% LTV
                                                                  4.5 + 1 or 3.5 x Joint over 75% LTV

                                                                                                                                                                                                    Drawdown, Overpayments &




2 Year Tracker                                      5% of amount redeemed in 1st 2 Years
                                                                                                                                                                                                 Underpayments/payment holidays
                                                                                                                                     Available to Employed & Self Employed                       available. Not available in Northern
                                                                                                                                                                                                 Ireland. Available to Self Employed
                                                                                                                                                                                                    & Employed. Only available on




3 Year Tracker                                      5% of amount redeemed in 1st 3 Years
                                                                                                                                                                                                          interest only basis.




On expiry of initial Early Repayment Charge – 1 month’s notice or 1% of amount redeemed applies
                                                   All Tracker products are based on BBR (currently 5.50%)




Full Term Tracker                                    Nil (with the exception of Prime which is 1% or 1 month’s notice)

2 Year Fixed                                         5% of amount redeemed until 01/11/09

3 Year Fixed                                         5% of amount redeemed until 01/11/10




0845 070 1999*
www.platform.co.uk
                                                                                                                                                                                         The next step’s easy with our
                                                                                                                                                                                              clickapplication service.
                                                                                                                                                                                 You can convert your binding decision
                                                                                                                                                                                   and submit a full application online.
July 07
Products
                                                                                                                              Non-Conforming
                                                                                        Almost Prime                                                                              Minor Adverse


                                                                75%                                85%                        95%                          75%                                 85%                           95%

                                                                                                  £500                                                                                   £1,000
Maximum LTV



                                                                                                    Nil                                                                                1 in last 12
CCJs (per applicant)



                                                                                           Not allowed                                                         Discharged or Completed > 1 Year
Arrears




                                                              4.89%                              5.19%                       5.49%                        5.29%                              5.59%                          5.89%
                                                                           (including Right to Buy - Max LTV 85%)                                                     (including Right to Buy - Max LTV 85%)




Bankruptcy/IVA



                                                              6.04%                              6.34%                       6.74%                        6.24%                              6.64%                          7.04%
                                                                                                                                                                                          (0 in last 3)




                                                              6.14%                              6.44%                      6.84%                         6.34%                             6.74%                          7.14%
1 Year Tracker (from completion)




                                                              6.04%                              6.34%                       6.74%                        6.24%                              6.64%                          7.04%
                                                                                                                     (Right to Buy not available)                                                                   (Right to Buy not available)




2 Year Tracker (from completion)




                                                              6.24%                              6.54%                       6.94%                        6.39%                              6.79%                          7.39%
2 Year Tracker (from completion)




                                                              6.34%                              6.64%                      7.04%                         6.49%                             6.89%                           7.49%
3 Year Tracker (from completion)




                                                              6.24%                              6.54%                       6.94%                        6.39%                              6.79%                          7.39%
2 Year Fixed (until 1st November 2009)




                                                         No Loading                            + 0.20%                     + 0.20%                      No Loading                         + 0.20%                        + 0.20%
2 Year Fixed (until 1st November 2009)



3 Year Fixed (until 1st November 2010)
Remortgage Special with FREE Legal Fees
(including Title Insurance. Not available on Right
to Buy)




Self-Cert Loading

Reversionary Rate

Higher Lending Charge
Remortgage Special with FREE Legal Fees
(including Title Insurance. Not available on Right




                                                                                                   8.12%                                                                                      8.37%
to Buy)




Maximum Loan


Arrangement Fee (added to loan)
                                                                £500k                              £400k                                                   £500k                              £400k




FAST Remortgage Option
(Loading applies to initial & reversionary rates)                                                                  (Self-Cert - See Additional Notes)                                                            (Self-Cert available to 90% LTV)




                                                                                                    £695                                                                                       £695
                                                                                               LIBOR + 2.25%                                                                               LIBOR + 2.50%

                                                                                                                   None up to 90% LTV (above 90%,                                                                 None up to 90% LTV (above 90%,




Right to Buy Express
                                                                                   None                            charged from 75% LTV @ 6.95%                                None                               charged from 75% LTV @ 6.95%




                                                                                                    £350                                                                                       £350



Completion Fee
                                                                                                                       and added to the loan)                                                                         and added to the loan)


                                                                                                                          95% LTV - £300k /                                                                              95% LTV - £300k /
(House Purchase & Remortgage)                                                                                              90% LTV - £400k                                                                                90% LTV - £400k
Right to Buy only - Maximum £250k




Introducer Fee
                                                                                                    £125                                                                                       £125




Income Multiples




Early Repayment Charges
                                                                                                   0.50%                                                                                      1.00%
Includes Title Insurance & Conveyancing
(Optional & added to the loan. Can be applied to
all rates with exception of Remortgage Specials)




Additional Notes
Not available on Right to Buy




(Optional for House Purchase / compulsory for
Remortgage & added to loan)


                                                                                           (Min £250 Max £5,000)                                                                  (Min £500 (RTB Min £350) Max £5,000)




0845 070 1999*
                                                               Status - 5+1 or 3.5 x Joint / Self-Cert - 4.25+1                                           Status - 5+1 or 3.5 x Joint / Self-Cert - 4.25+1
                                                                                                                         4+1 or 3.25 x Joint                                                                             4+1 or 3.25 x Joint




1 Year Tracker                                        6% of amount redeemed in 1st 2 Years
                                                                                or 3.5 x Joint                                                                             or 3.5 x Joint




www.platform.co.uk
                                                                                                                      Full Status and Self-Cert
                                                                                                                     available. Over 90% LTV -




2 Year Tracker                                        6% of amount redeemed in 1st 2 Years
                                                                                                                     Self-Cert available to self-
                                                                                                                                                                                                                   Over 90% LTV - Not available
                                                                      Self Cert Employed Max £250k                 employed only (if 2nd applicant                Self Cert Employed Max £250k                         in Northern Ireland
                                                                                                                   employed, must be Full Status).
                                                                                                                    Over 90% LTV, not available




3 Year Tracker                                        6% of amount redeemed in 1st 3 Years
                                                                                                                        in Northern Ireland




On expiry of initial Early Repayment Charge – 1 month’s notice or 1% of amount redeemed applies
                                                     All Tracker products are based on LIBOR (currently 5.87%)




2 Year Fixed                                          6% of amount redeemed until 01/11/09

3 Year Fixed                                          6% of amount redeemed until 01/11/10
                                                                                                  Non-Conforming
                            Light Adverse                                                            Medium Adverse                                                                  Heavy Adverse


         75%                           85%                         95%                   65%                        75%                            85%                65%                        75%                            85%

                                   £3,000                                                                      £7,500                                                                      Unlimited
                                2 in last 12                                                                 4 in last 12                                                  No reference required




                                                                                                                                                                    Non-Conforming
                                                                                             Discharged / Current and                                                     Discharged / Current and
       Discharged or Completed > 1 Year                                                      satisfactory or completed                                                    satisfactory or completed




                                                                                                                                                                     Higher Lending
       5.69%                         5.99%                       6.29%                   6.09%                     6.39%                         6.69%                6.49%                     6.79%                         7.09%
               (including Right to Buy - Max LTV 85%)                                       (including Right to Buy - Max LTV 80%)                                       (including Right to Buy - Max LTV 75%)




       6.44%                         6.84%                       7.24%                   6.64%                     7.04%                         7.44%                7.24%                     7.64%                         8.04%
                                  (1 in last 6)                                                                (1 in last 3)




                                                                                                                                                                    Charge removed
       6.54%                         6.94%                       7.34%                   6.74%                    7.14%                          7.54%                7.34%                     7.74%                         8.14%

       6.44%                         6.84%                       7.24%                   6.64%                     7.04%                         7.44%                7.24%                     7.64%                         8.04%
                                                        (Right to Buy not available)                                                       (Right to Buy max 80%)                                                     (Right to Buy not available)




       6.59%                         6.99%                       7.59%                   6.79%                     7.19%                         7.79%                7.39%                     7.79%                         8.39%

       6.69%                         7.09%                       7.69%                   6.89%                    7.29%                          7.89%                7.49%                     7.89%                         8.49%

       6.59%                         6.99%                       7.59%                   6.79%                     7.19%                         7.79%                7.39%                     7.79%                         8.39%

                                                               + 0.20%
  No Loading                       + 0.20%                                             No Loading                + 0.20%                       + 0.20%              No Loading               + 0.20%                        + 0.20%
                                       8.62%                                                                         9.12%                                                                       9.62%




         £500k                         £400k                                                         £500k                                         £400k                          £500k                                        £400k
                                                            (Self-Cert available
                                                                 to 90% LTV)




                                        £695                                                                          £695                                                                        £695
                                    LIBOR + 2.75%                                                                LIBOR + 3.25%                                                                LIBOR + 3.75%
                                                              None up to 90% LTV
                                                              (above 90%, charged
                         None                               from 75% LTV @ 6.95%                                      None                                                                         None




                                        £350                                                                          £350                                                                        £350
                                                             and added to the loan)

                                                              95% LTV - £300k /
                                                               90% LTV - £400k




                                        £125                                                                          £125                                                                        £125


                                       1.00%                                                                         1.00%                                                                       1.00%
                       (Min £500 (RTB Min £350) Max £5,000)                                          (Min £500 (RTB Min £350) Max £5,000)                                        (Min £500 (RTB Min £350) Max £5,000)




0845 070 1999*
     Status - 5+1 or 3.5 x Joint / Self-Cert - 4.25+1
                                                              4+1 or 3.25 x Joint          Status - 5+1 or 3.5 x Joint / Self-Cert - 4.25+1 or 3.5 x Joint              Status - 5+1 or 3.5 x Joint / Self-Cert - 4.25+1 or 3.5 x Joint
                      or 3.5 x Joint




www.platform.co.uk                                                                                                                                                                     No charge up to 90% LTV
                                                                                       NEW




                                                              Over 90% LTV -
             Self Cert Employed Max £250k                     Not available in                            Self Cert Employed Max £250k                                                Self Cert Employed Max £250k
                                                              Northern Ireland


All Tracker products are based on LIBOR (currently 5.87%)
July 07
Products
                                                                                                                                         Buy To Let
                                                                                    Conforming                                                               Non-Conforming Buy To Let


Maximum LTV                                                     85%                     75%               85%                90%            75%            85%                  90%                 90%                  90%                 85%

 CCJs (per applicant)

 Arrears




                                                              6.04%                     5.74%           5.84%              6.04%           6.44%          6.74%               7.14%               8.04%                8.44%               8.84%
                                                                                                                                                                                                   Minor                Light              Medium




 Bankruptcy/IVA
                                                            House Plus                                Buy To Let                                      Almost Prime
                                                                                                                                                                                                  Adverse              Adverse             Adverse




                                                              6.14%                     5.84%           5.94%              6.14%           6.54%          6.84%               7.24%               8.14%                8.54%               8.94%
                                                                                                                                                            £500                                   £1,000                £3,000              £7,500




                                                              6.54%                     6.24%           6.34%              6.54%
                                                                                                                                                                                                 1 in last 12        2 in last 12         4 in last 12




                                                              6.69%                     6.39%           6.59%              6.79%           6.84%          7.14%               7.34%               8.39%                8.79%               9.19%
 3 Year Tracker (from completion)
 3 Year Tracker (from completion)




                                                              6.79%                     6.49%           6.69%              6.89%           6.94%          7.24%               7.44%               8.49%                8.89%               9.29%
                                                                 None                                      None




                                                              6.69%                     6.29%           6.49%              6.69%
Full Term Tracker
                                                                 None                                      None                                              None
                                                                                                                                                                                                  (0 in last 3)        (1 in last 6)       (1 in last 3)




3 Year Fixed (until 1st November 2010)
                                                                                                                                                                                                                                           Discharged /
                                                                                                                                                                                                  Discharged           Discharged
                                                                                                                                                                                                                                           Current and
                                                                 None                                      None                                           Not allowed                            or Completed         or Completed
                                                                                                                                                                                                                                          satisfactory or




 3 Year Fixed
                                                                                                                                                                                                    > 1 Year             > 1 Year
                                                                                                                                                                                                                                            completed




5 Year Fixed (until 1st November 2012)
Remortgage Special with FREE Legal Fees




Rental Assessment Calculation
(including Title Insurance)




& Arrangement Fee Options


Reversionary Rate
                       (until 1st November 2010)




Higher Lending Charge
Remortgage Special with FREE Legal Fees




                                                                7.50%                            7.50%                      7.75%                           8.12%                                  8.37%                 8.62%               9.12%
(including Title Insurance)




Maximum Loan

Introducer Fee
                                                                                              125% of pay rate on offer - £695
                                                            Self-Cert - £695                                                                                                    125% of pay rate - £695




                                                                                         £1m              £500k             £300k
                                                                                              110% of pay rate on offer - £995
(fee added to loan)




 FAST Remortgage Option
                                                                0.50%                                     0.50%                                             0.50%                                                        1.00%
                                                             BBR + 2.00%                       BBR + 2.00%                 BBR + 2.25%                   LIBOR + 2.25%                           LIBOR + 2.50%        LIBOR + 2.75%       LIBOR + 3.25%




Income Multiples
                                                                 £350                                      £350                                                                           £350
                                                                 None                                      None                                                                            None




Maximum Portfolio Size
                                                              £1m to 75%
                                                                                                                                                                          £300k up to 90% / £350k up to 85%
(House Purchase & Remortgage)                                £300k to 85%


                                                         (Min £250/Max £5,000)                     (Min £250/Max £5,000)                            (Min £250/Max £5,000)                                         (Min £500/Max £5,000)




Additional Notes




Conforming Early Repayment Charges                                                                                                         Non-Conforming Early Repayment Charges
 Includes Title Insurance & Conveyancing
 (Optional & added to the loan. Can be applied to
 all rates with exception of Remortgage Specials)
                                                    4.75 +1or 4 x Joint up to 75% LTV
                                                    4.5 +1or 3.5 x Joint over 75% LTV                        N/A                                                                            N/A

                                                                                                   £3m Total Lending
                                                          Single property only          (max £1m per property - max 25 properties)                                      £350k Total Lending (max 10 properties)

                                                        Not available in Northern
                                                     Ireland. Not available to First
                                                    Time Buyers & must be owner
                                                        occupier. Monthly cost of
                                                     existing residential mortgage




3 Year Tracker                                       5% of amount redeemed in 1st 3 Years                                                  6% of amount redeemed in 1st 3 Years
                                                    assumed at 7% per annum and             Not available in Northern Ireland                                               Not available in Northern Ireland
                                                      deducted from self-certified
                                                      income. Applicant must not




                                                     1% or 1 month’s notice (with the exception
                                                       have an equivalent product
                                                          with another lender.




0845 070 1999*
Full Term Tracker                                    of House Plus which is 5% of amount
                                                    All Conforming Tracker products are based on BBR (currently 5.50%)




www.platform.co.uk
                                                     redeemed in 1st Year)
                                                    All Non-Conforming Tracker products are based on LIBOR (currently 5.87%)




                                                                                                                                           On expiry of initial Early Repayment Charge – 1 month’s notice or 1% of amount
On expiry of initial Early Repayment Charge – 1 month’s notice or 1% of amount redeemed applies
                                                                                                                                           redeemed applies




3 Year Fixed                                         5% of amount redeemed until 01/11/10                                                  6% of amount redeemed until 01/11/10

5 Year Fixed                                         5% of amount redeemed until 01/11/12
                                                                                                                                                                                           N/A




                                                                                                                                                                                           N/A
Important Information
Applicants

First Time Buyers

Income
                                                                                                  Arrears ignored




Minimum Employment Period
Minimum age 18 at application. Maximum age 70 at application.                                     All arrears over 12 months old.
                                                                                                  Defaults ignored
Accepted on all products with the exception of House Plus.                                        All defaults.
                                                                                                  Repossessions
Minimum income £7,500 - 100% allowance for bonus/overtime/commission.                             Applicants with repossessions history can be considered on Non-Conforming
                                                                                                  products only. If over 3 years ago - ignored. Between 2-3 years subject to no




                                                                                                  Application Fee
                                                                                                  outstanding shortfall and acceptable payment profile in last 12 months on
Full Status Employed                                                                              existing mortgage/rental.
(Conforming & Non-Conforming)
                                                                                                  If applicants currently hold a mortgage with another
Minimum of 6 months continuous employment.
                                                                                                  Non-Conforming lender
Self-Cert Employed                                                                                Accepted on Almost Prime, Minor, Light Adverse.
(Conforming & Non-Conforming)
Minimum of 3 months continuous employment.
                                                                                                  Includes VAT
Full Status Self-Employed




Term
                                                                                                  An Automated Valuation Model (AVM) may be used for certain applications. If
Conforming - 2 years accounts required.
                                                                                                  such a Model is used, the Application Fees below still apply.
Non-Conforming - 1 years accounts required.




Repayment Types
Self-Cert Self-Employed                                                                            Property Valuation              Valuation     Administration   Total Application
Conforming - Minimum 6 months trading.                                                                                                Fee            Fee                 Fee




Remortgages
Non-Conforming - Minimum 3 months trading.                                                         Up to £75,000                       £105          £140               £245
                                                                                                   £75,001 to £100,000                 £115          £140               £255
Minimum 10 years. Maximum 30 years.                                                                £100,001 to £150,000                £135          £140               £275




Property
                                                                                                   £150,001 to £200,000                £165          £140               £305
Repayment or Interest Only (Part & Part not allowed).                                              £200,001 to £250,000                £200          £140               £340




Minimum Loan
                                                                                                   £250,001 to £300,000                £225          £140               £365
Unlimited capital raising for any legal purpose allowed up to scheme limits
                                                                                                   £300,001 to £350,000                £255          £140               £395




Minimum Valuation
(purpose must be stated on application form).
                                                                                                   £350,001 to £400,000                £295          £140               £435

England, Mainland Scotland, Wales and Northern Ireland.                                            £400,001 to £500,000                £355          £140               £495




Buy to Let
                                                                                                   £500,001 and over            By negotiation   By negotiation     By negotiation
£25,001 (except House Plus which is £42,500).
                                                                                                 Free Legals & FAST Remortgage Option
                                                                                                 Includes Title Insurance & Conveyancing and removes need for local,
£40,000 (except House Plus which is £50,000 and Right to Buy                                     mining and mineral searches. Only available for remortgages.
which is £30,000).                                                                               Platform will instruct one of our panel solicitors.




Let to Buy
                                                                                                 (Title Insurance protects the lender in the event of a defect of title.)
Platform will only accept Buy to Let business from NACFB registered                              Right to Buy Express Completion Fee
companies. Copies of ID will need to be certified by either a FSA registered                     Title Insurance (which removes the need for Deed of Postponement).




Early Repayment Charges
entity or a Professional covered by money laundering regulations. The                            No minimum pre-emption period for Right to Buy remortgages.
arrangement fee is based upon the rental calculation upon offer.
                                                                                                 Other Fees
                                                                                                 Higher Lending Charge - Minimum Fee £250.
Available on all products with the exception of Right to Buy, Buy to Let                         Buildings Insurance Administration Fee - £30 one off fee if buildings
& House Plus. 125% rental calculation required.                                                  insurance is not arranged through Platform.




Adverse Credit
                                                                                                 Telegraphic Transfer fee - £45.
Conforming and Non-Conforming products - 1 month’s notice or 1% of amount
                                                                                                   BBR (applies to all Conforming products)                 5.50%
redeemed after initial Early Repayment Charge (with the exception of Flexible
Self-Certification which is nil). For partial redemptions, a proportional Early                    LIBOR (applies to all Non-Conforming products)           5.87%
Repayment Charge will be made.




For more information on our full lending policy, please visit www.platform.co.uk
and download our Policy Manual from the Literature section.
CCJs ignored
More than 2 years old satisfied more than 6 months ago or less than £100




To find out more call us on 0845 070 1999*
satisfied or not.




or visit www.platform.co.uk
Rates correct at time of going to press on Monday 2nd July 2007. Telephone calls may be monitored. *BT landline calls to
0845 numbers will be charged at up to 4p per minute at all times. A call set up fee of 3p per call applies to calls from residential
lines. Mobile and other providers’ charges may vary. Lines are open between 9am and 5pm Monday to Friday. This product
guide is for the use of financial intermediaries only. It is not to be disclosed or given to the public or intended as a consumer
advertisement. Platform Home Loans Limited Registered in England & Wales Number 2334606. Registered Address: Exchange
Tower, 2 Harbour Exchange Square, London E14 9FR. Platform is the trading name of Platform Home Loans Limited (FSA No.
303337) and of Platform Funding Limited (FSA No. 303387), both authorised and regulated by the Financial Services Authority.




PHL 007 07/07

				
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