Platform is the latest lender to state that it will no longer be accepting furloughed income for new mortgage origination.
In a note to brokers, the intermediary arm of the Co-operative Bank says it has reviewed its guidance on the matter, which was first introduced in April and later extended in June.
It stresses that from Monday 14 September: “Any new mortgage cases need to meet pre-Coronavirus secured lending criteria income rules.”
The lender adds that it will also be relaunching its mainstream and buy-to-let mortgage ranges for new business and product switching on Thursday, 10 September.
Alongside this, Platform intends to temporary withdraw the following mainstream products: the 60 per cent LTV to 80 per cent LTV two- and three-year fixed rate products, the 85 per cent LTV five-year fixed rate product with £999 fee, and the 60 per cent LTV to 80 per cent LTV five-year fixed rate product with zero fee.
The above mortgages will be removed at 5pm today, 9 September, meaning that all applications must be received by that deadline.