Platform launches joint applicant mortgage range

| June 13, 2010 | 0 Comments

Platform has launched a new mortgage range specifically for joint borrowers, whether house purchasers or remortgagers.

The intermediary-only lender, which is part of Co-operative Financial Services, is offering a two-year fix at 3.19% for up to 70% loan-to-value (LTV) ratio, rising to 4.49% for 80% LTV.

The deal comes with an arrangement fee of £1,495, which can be folded into the debt, and a non-refundable administration charge of £140.

According to Platform, mortgages held in joint names are a safer bet than the single applicant variety, providing an opportunity for lower rates.

The lender’s business development director, Lee Gladwell, says: “We believe there is a strong argument for lenders to reflect their actual experience into pricing so that lower risk applicants benefit from lower rates.”

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