Platform has reduced its range of fixed rate mortgages by up to 0.2 percentage points.
The Co-operative Bank’s intermediary lender has lowered rates across its two, three and five-year products on deals available with a wide range of deposit and fee options.
New rates include:
Up to 60% LTV:
- Two-year fixed rate at 1.49% (previously 1.59%) with a £999 fee
- Five-year fixed rate at 2.29% (previously 2.49%) with a £1,499 fee
Up to 70% LTV:
- Five-year fixed rate at 2.54% (previously 2.69%) with a £1,499 fee
Up to 75% LTV:
- Two-year fixed rate at 1.74% (previously (1.79%) with a £999 fee
- Three-year fixed rate at 2.24% (previously 2.34%) with a £999 fee
- Five-year fixed rate at 2.64% (previously 2.74%) with a £1,499 fee
Up to 80% LTV:
- Two-year fixed rate at 1.99% (previously 2.04%) with a £999 fee
Up to 90% LTV – no fee deals:
- Two-year fixed rate at 3.44% (previously 3.54%), no arrangement fee
- Three-year fixed rate at 3.99% (previously 4.09%), no arrangement fee
- Five-year fixed rate at 4.19% (previously 4.29%), no arrangement fee
Platform mortgages come with a free standard valuation for remortgagers and purchasers, plus free legals for remortgagers. Brokers can also choose from a range of products that include a £250 cashback.
Stuart Beattie, head of mortgages at Platform, said: “We believe that many of our new products rank amongst the lowest ever fixed rate deals we’ve offered via brokers.
“With rates at these levels, it’s understandable that borrowers would turn to brokers for help on whether it’s the right time for them to fix.”