9.89% Fixed to 01/06/2011

6.35% Libor Linked

(Subject to a 6.35% floor rate)

Up to £400,000 75% LTV (Rmg 70%)

Mortgage NOT portable, Mortgage is Flexible, Overpayments allowed.

You cannot currently move your mortgage from one property to another.

This product has a 6.35% payment floor

ONLINE SUBMISSION ONLY - applications must be submitted to Platform online via their click system.

For an additional £350 a FAST Remortgage option is available, includes title insurance and conveyancing. (Optional and can be added to loan)

Overpayments can be made at any time. However, for amounts in excess of £1,000.00, an Early Repayment Charge, calculated on the amount repaid, may be charged where notice is not given (See Section 10 for more information about those Charges).

You will get the benefit of any overpayment as son as the funds have cleared. Any overpayments will reduce the outstanding balance and therefore the amount on which interest is charged.

This mortgage includes a facility for additional secured borrowing. You may apply for additional secured borrowing 6 months after completion, subject to our lending criteria being satisfied at that time. A revaluation of the property may be required. Additional borrowing will be charged at the interest rate applicable at the time.

ANY BORROWING YOU TAKE UP WILL INCREASE THE AMOUNT OF BORROWING SECURED ON YOUR HOME.

The maximum it is possible to borrow on this product is 75% of the value of the property (or the purchase price, whichever is lower). Remember that other factors will also affect how much you can borrow. Remortgage maximum LTV 70%.

Let to Buy : Accepted

Capital Rest Period : Daily

Repayment Yes

Endowment Yes

PEP Yes

Pension Yes

Interest only (no RV) Yes

With Profits Yes

Unit Linked Yes

ISA Yes

Split Repayment No

Arrangement : £2995 Can be Added

Booking : None

6% of loan to be paid until 01/06/2011

None

Basic:

upto £75,000 - £245

upto £100,000 - £255

upto £150,000 - £275

upto £200,000 - £305

upto £250,000 - £340

upto £300,000 - £365

upto £350,000 - £395

upto £400,000 - £435

upto £500,000 - £495

Min Valuation £50000

1 month's notice or 1% of amount redeemed applies after all initial early repayment charges.

An Automated Valuation Model (AVM) may be used for suitable applications costing £160 please refer to Lender. For properties valued over £500k, please refer to Lender for the valuation fee.

1 month's notice or 1% of amount redeemed applies after all initial Early Repayment Charges.

Please refer to the Lender for any additional fees which may be charged on final redemption such as Deeds Release / Sealing / Administration fees.

Re-inspection fee £40.

Added fees will not be included in this calculation.

Lenders Conveyancing Fee - £300.00 Payable on completion. Legal costs for work carried out to fulfil mortgage conditions, payable to conveyancer/solicitor. The final bill may be higher. (Payable when any work completed, estimate)

Insurance Admin - £30.00 Added to loan.

Telegraphic Transfer - £45.00 Payable on completion.

Redemption Admin Fee - £125.00 Payable on redemption. Please note an increased fee of £225 will be payable in Scotland or Northern Ireland

Freehold Flat No

Purpose Built Flat Yes

Converted Flat Yes

Flat Over Shop Yes

Maisonette Yes

Studio Flat Refer

Flying Freehold Yes

Thatched Refer

Timber Framed Yes

Concrete Refer

Agricultural Tie No

Flat Over 4 Storeys Refer

Listed Building Refer

Not Accepted

New Build - Please refer to lender. New Builds (property less than 24 months old) - Maximum 75% LTV. New Build Flats not accepted.

Flat over Shop accepted except for restaurants, public houses adjacent to, fast food establishments and laundrettes

Studio Flat accepted by discretion of Platform Home Loans.

Coach style properties acceptable with leasehold tenure.

Private sales limited to max 85% LTV

Crosswall construction max 75% LTV

Flying Freehold accepted upto 15%.

100% Timber Frame not accepted but Timber Frame with brick cladding acceptable.

Please refer to lender for properties over 4 storeys or are ex local authority.

No requirements for external and internal photos for Ex LA flats.

Purchase at undervalue will require audit valuations where acceptable.

Commercial usage more than 25% not acceptable.

Shared access - driveway with family members acceptable.

Commercial usage more than 25% not acceptable.

Unacceptable security to include contaminated land.

On-going movement - or requiring monitoring not acceptable.

Uncapped mine shafts affecting security not acceptable.

Terraced properties purchased in last 6 months acceptable based on original purchase price.

2 kitchens allowed for residential owner occupied properties.

Accepted Locations : England, Scotland, Wales, N Ireland

Bank Statements No

At Least 3 Months Pay Slips Yes

P60 Yes

Proof Of Residency Yes

Life Policy To Be Assigned No

Previous Lender References Yes

Buildings Conditional

Min Loan £25,001/Rmg £25,001

Max Loan £400,000/Rmg £400,000

Max Portfolio of BTL Loans £1,000,000

Min Age 18 years

Max Age 75 years

Min Term 5 years

Max Term 30 years

Foreign Citizens Accepted

Ex-Patriates Not Accepted

Based on Income > 0

9.99 + 9.99 or 9.99 joint

Min months in current position none

Min months in continuous service 12

Min no. of years accounts 1

Average years taken to calculate income 1

Will consider declining profit Refer

Lending based on affordability

Minimum Income £15000

Hire Purchase Taken into account

Personal Loans Taken into account

Overdraft NOT Taken into account

Credit/Store Cards Taken into account

Child Maintenance Taken into account

Child Education NOT Taken into account

Extra Income:-

Other Income - Guaranteed Add 100% to income before multiply

Other Income - Regular Add 100% to income before multiply

Other Income - Irregular Add 100% to income before multiply

Investment Income No

Mortgage Subsidy Add 100% to income before multiply

Large Town Allowance Add 100% to income before multiply

Maintenance Payments Add 100% to income before multiply

Non Contributory Pension Refer to Lender

Car Allowance Add 100% to income before multiply

Capital Raising 70%

Home Improvements 70%

Debt Consolidation 70%

School Fees 70%

Holidays/Cars 70%

Buy Other Property 70%

Business Purposes Refer to Lender

Divorce Settlement 70%

Unencumbered 70%

Unlimited capital raising for any purpose allowed on all remortgages up to scheme limits.

CCJ/Defaults : Accept:

1) Max £500.00 in CCJs unsatisfied. There must be no CCJs in the last 3 months. This condition does not incur any rate loading.

Ignore:

1) CCJs registered 24 months ago or over.

2) Ignore all Defaults.

3) CCJs which have been fully paid 6 months ago or over prior to application.

4) CCJ under or up to £100.

Arrears : Accept:

1) No arrears (paid or unpaid) in the last 12 months. This condition does not incur any rate loading.

Bankruptcy/IVAs : Bankruptcy/IVA not accepted.

Repossessions : Ignore Repossessions 36 months ago or over. Repossessions settled 24 months ago or over will be accepted, and do not incur any rate loading.

All arrears over 12 months old are ignored