Platform enters light adverse market

The range includes a two-year 1.5 per cent discount until 1 January 2003, and a two-year fixed rate of 6.25 per cent until the same date.

The maximum loan to value is 85 per cent, and the minimum loan is £30,000.

The products are available on a full status basis at 5.75 per cent above the three month LIBOR rate, and a self-certification basis at 3 per cent above the three month LIBOR.

Guy Batchelor, sales and marketing director at Platform Home Loans, said: "Following requests from our intermediaries and further market research, we have identified a gap in the mortgage market. It is an area which can be best described as the lending zone between us and our system and our sister company Verso."