Platform Home Loans (PHL) has launched into the Northern Ireland market to take advantage of the growth opportunities the region presents, writes Catherine Tennant.
The non-conforming lender is offering its standard range of sub-prime loans up to 90% LTV, to brokers in the province.
Guy Batchelor, sales and marketing director at PHL, said: “Northern Ireland has some different aspects to it as a mortgage market. It is not a massive market but the economy is strong and unemployment is fairly low, so we think it will be good business.”
PHL is testing the water in the region, initially limiting its distribution to three packagers – The Mortgage Packaging Company in Belfast, Mortgage Options in Scotland and The Select Partnership in Chester.