Platform Home Loans launches new discounted products

The lender has introduced a 2 year discount of 1.5 per cent until April 2004 and a 1.75 per cent discount for 18 months until October 2003. The lender already offers a 1 year discount of 1.5 per cent until June 2003.

The products are available up to 95 per cent LTV and redemption penalties do apply.

Guy Batchelor, sales and marketing director at Platform Home Loans, said: "We are now concentrating on discount products following feedback from our intermediaries that their clients preferred these options, plus we have seen the cost of short-term fixed rate funding increase since the new year. The main benefit of these products will be that intermediaries will now be able to give their clients the same breadth of choice as if they were recommending a high street lender’s products. Payment rates start from 5.125 per cent, if the 18-month 1.75 per cent discount is selected - the lowest rate ever offered by Platform."