Platform, the intermediary
mortgage lender of Britannia, has altered its range, with additions to lending criteria and new interest rates.
The first set of changes come into effect on June 12th 2006, including increased income multiples, 90 per cent loan-to-value
buy-to-let mortgages and wider loan-to-value banding.
Clickdecision, Platform's online facility, will also see some adjustments, as the mortgage provider seeks to "meet the challenge" by offering more options to clients.
Guy Batchelor, Platform's sales and marketing director, said: "We are having a record year for completions in 2006, however the market is getting tougher due to the current competition widening their product ranges and the influx of new players.
"I believe, this year will undoubtedly prove to be the most significant in terms of change and we are determined that Platform maintains its market position at the forefront of the specialist mortgage sector."
Competitors The Mortgage Works recently announced a series of changes to their buy-to-let mortgage range, including 100 per cent rental cover on all three and five-year
fixed mortgage products, the launch of a new
tracker mortgage and new buy-to-let mortgages available to 90 per cent loan-to-value.
