Platform reports completion increase

Amanda Jarvis

March 21, 2006

Platform saw over £3billion of completions last year and over the last few weeks, has also hit the milestone of over £5billion of mortgage assets.  

These figures follow the recent announcement by the Council of Mortgage Lenders (CML) of the top ten buy-to-let lenders in the UK, where Platform was ranked eighth overall in 2005 in terms of new business origination, an improvement of two places on 2004.

The launch of Platform’s online decision facility clickdecision in July last year, together with major changes to both pricing and credit across the self-certification, buy-to-let and non-conforming product ranges, have been seen as major contributory factors in helping the company to exceed its operational targets.

Also, the launches of electronic ID verification on clickdecision and House Plus, Platform’s self-cert buy-to-let product, towards the end of 2005, in their opinion contributed to the success achieved by the lender.

David Tweedy, managing director of Platform, commented: “2005 was a busy but enormously successful year for Platform and we are delighted to have exceeded our growth targets and consequently have made a valuable contribution to the group.

“The launch of clickdecision was a highly strategic step for the business as a whole and has helped us to take advantage of a wealth of new market opportunities. We are fully committed to offering new and innovative product and service initiatives to our growing customer base of intermediaries and packagers and this is reflected in the forthcoming developments to our online systems, which include online applications. 

“Our continued success is testament to the hard work and dedication of our staff and we are looking forward to an exciting year ahead.”

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