Platform has cut its residential two-year fixed rate to 1.59% from its previous record low of 1.64%.
The deal is available on loans up to 60% LTV and has an arrangement fee of £999. It comes with a range of features offered on the majority of Platform’s products, including a £250 cashback, free standard valuation for remortgagers and purchasers, plus free legals for remortgagers.
Other changes across Platform’s range include:
- Five-year fixed rate for loans up to 80% LTV reduced by 40bps to 3.19% (from 3.59%).
- Residential three-year fixes now start from 2.09% for loans up to 60% LTV (reduced from 2.19%)
- Residential five-year fixes now start from 2.49% for loans up to 60% LTV (reduced from 2.59%)
- Further reductions across two-year fixes on rates up to 85% LTV
Stuart Beattie, head of mortgages at Platform, said: “We started the year with Platform’s lowest ever two-year fixed rate, and now we’ve made our lowest rate even lower.
“We are committed to keeping a constant eye on the market to ensure we continue to offer a great choice of competitive products to brokers and their clients.”