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Changes to Early Repayment Charges from Platform

13 March 2017

Platform logo

On Monday 13 March, Platform will be making some key changes to their Early Repayment Charge (ERC) structure across both their Mainstream and BTL ranges. 

At present Platform overpayments can be made up to £1,000 each month without incurring an early repayment charge during the ERC period. As of Monday 13 March Platform will replace this so that during the early repayment charge period, overpayments can be made up to 10% of the outstanding mortgage balance on last anniversary or account open date without incurring an early repayment charge. Overpayment payments that exceed 10% of the outstanding mortgage balance on anniversary or account open date within any contractual year will incur an early repayment charge. 

This new ERC structure will apply to all customers who receive an offer on or after 13 March. Customers who have received an offer prior to 13  March will retain the previous ERC structure where overpayments can be made up to £1,000 each month without incurring an early repayment charge during the ERC period. 

Whilst this change is great news for the majority of new Platform customers, they appreciate that a small number of pipeline customers may wish to retain the original Platform ERC structure, where customers could overpay by up to £1,000 each month without incurring an ERC. If you encounter this scenario please contact Platform on 0345 070 1999 (option 2) and they will arrange for the original ERC structure to be implemented on your customer’s account. 

View their Product Guides here:

BTL Product Guide

Mainstream Residential Product Guide.


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