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Platform Home Loans is the intermediary
mortgage A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any ...
lending subsidiary of
The Co-operative Bank The Co-operative Bank plc is a retail and commercial bank in the United Kingdom, with its headquarters in Balloon Street, Manchester. The Co-operative Bank is the only UK high street bank with a customer-led Ethical Policy which is incorporat ...
. The current incarnation of the firm was launched in February 2003 following the merger of
Britannia Building Society The Britannia Building Society was founded as the Leek & Moorlands Building Society in Leek in 1856. It expanded steadily as a regional society until the late 1950s when it began a major expansion drive, partly through branch openings but also so ...
subsidiaries Platform Home Loans and Verso. The firm became part of the Co-operative Bank group when that firm merged with Britannia in 2009. The firm was originally began trading in 1989 as the centralised mortgage lender of Bear Stearns Home Loans. In 1992 it became Platform Home Loans when it was sold to
Lehman Brothers Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, a ...
and in 1997 it was acquired by U.S. sub-prime lender The Money Store. In 1999 it was acquired by Cabot Square Capital.A platform for those in need of a helping hand
''
Money Marketing Money Marketing' is a monthly magazine for financial intermediaries in the United Kingdom. The team of journalists work across print publication and online to deliver a combination of breaking news, analysis, opinion, podcasts and videos to their ...
'', 3 December 2001. Retrieved 20 December 2013
Archived here.
/ref>


References

Mortgage lenders 2003 establishments in the United Kingdom Companies based in Staffordshire {{UK-company-stub