Platform withdraws from self cert

MortgageFinders were not surprised to hear that Platform has announced that it is to withdraw from the self certification market at the end of this week, following the recent Mortgage Review Paper by the Financial Services Authority (FSA). Their withdrawal effectively only leaves one major lender - Beacon Homeloans in the self cert market.  It would not be surprising to see them follow shortly.    David Tweedy, managing director at Platform, commented."We understand the FSA's concerns around income verification and fully support its aims to improve transparency in the industry. However, we continue to believe that the industry must recognise that self employed people can have different circumstances and may not always be able to provide the normal proof of income documentation required,"  Existing self certification customers with Platform have been assured that the changes will not affect them.