Optoma launches non-conforming campaign

Ramesh Sharma

April 15, 2006

The packager has teamed up with Platform to offer enhanced rates and incentives on its non-conforming range and has promised further announcements over the coming weeks.

Harpal Singh, operations director at Optoma, commented: “We have seen a sharp and sustained growth in our levels of non-conforming business over the last 18 months. Our exclusives and on-site underwriters from Platform have played a big part in that growth, as have our rock solid service standards.”

The campaign will see free valuations offered on Platform’s non-conforming range, from almost prime to heavy adverse, as well as rates 0.1 per cent lower than Platform’s generic range. The products have no extended early repayment charges (ERCs)and right-to-buy products are included. Free legals are also offered on all remortgaging deals, while purchases receive £250 towards legal costs. The offer is only available through conveyancing firm, Ontrack.

Paul Hunt, head of marketing at Platform, commented: “We’re delighted that Optoma has chosen Platform as the first lender with whom these generous incentives apply. This initiative greatly enhances our extremely competitive non-conforming range and should ensure the sustained growth Optoma has seen in the last 18 months continue for the foreseeable future.”

Jock Cassidy, managing director of Ashley Law, said: “As the incentives are across the whole range, they are no disadvantage. As independent advisers, we have to guard against seeming to take incentives but as these go towards helping clients, it can only be a good thing.”

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