Platform Mortgage Remortgage

Platform Mortgage remortgage solutions target homeowners who have been rejected by traditional high street lenders in the past. The majority of its buy-to-let, self-cert and adverse credit packages include free valuations. And Platform’s ‘cascade’ underwriting facility ensures you won’t be stuck waiting for a decision – if a case fails on credit grounds, it is simply shifted into the non-conforming range.

Platform Mortgage Review

Platform Mortgage is an intermediary lender of Britannia Building Society, formed in 2003 by a merger between Britannia’s subsidiary companies Platform Home Loans and Verso. Since then it has originated more than 120,000 mortgages, with a business value of £10.4 billion.

Platform Mortgage is authorized by the Financial Services Authority to distribute its products through Britannia Building Society and independent UK mortgage advisers. The company was voted ‘Best Overall Lender’ in the 2007 Mortgage Times Group awards. Originally launched in February 2003, the company as it exists today was created following the merger of Britannia and The Co-operative Bank in 2009.

Try a Platform Mortgage remortgage to:

• Release equity for home improvements, a family car or new property at a lower rate than a loan for the purpose
• Consolidate any debts from credit cards or personal loans – this will lead to smaller servicing payments as the debt is now part of your mortgage
• Repair a damaged credit rating or repay mortgage arrears

What is a remortgage?

A remortgage is when you replace your existing mortgage with a new one. There are many reasons for remortgaging, but the majority fall into one of the two following categories:

• Remortgaging to save money – If you have a fixed rate mortgage deal, your interest rate will usually switch to the lender’s Standard variable Rate (SVR) which is likely to be higher and will probably mean that you have to pay more each month. By switching to a better deal with a different mortgage provider, remortgaging could potentially allow you to benefit from lower interest rates and lower monthly mortgage repayments.
• Remortgaging to raise money – Remortgaging can allow you to release some of the equity in your home. This could be useful if you wanted to carry out repairs to the property, add an extension, help your child with their own mortgage deposit, or consolidate other existing debts.