Platform tweaks rates

Platform has cut rates on its buy-to-let mortgage range by up to 0.10 percentage points.

Deals now include two year fixed rates now starting from 2.24% at 60% LTV with a £1,999 fee – along with three and five year fixed rates now starting from 2.79% and 3.34% respectively, also for mortgages at 60% LTV with a £1,999 fee.

Reduced rates are also available on higher LTV bands and mortgage deals with either £999 or no fee options.

Stuart Beattie, head of mortgages at Platform, said: “With the continued demand we are seeing for buy-to-let mortgages, we are delighted to offer brokers these new reduced rates from our Platform mortgage range.

“Supporting brokers and growing our mortgage business is a key part of our strategy and we remain committed to offering competitive deals, providing great quality products and services, to both brokers and their clients.”

Platform also offers buy-to-let rates on mortgages up to 65%, 70% and 75% LTV. All rates come with free legals for remortgagers. A cashback of £250 and £500 is also available on selected rates. Maximum loan value is £350,000.

As part of the new broker range, mainstream two and five-year fixed rates have seen small increases of 0.05 percentage points. Mainstream two year fixed rates now start from 1.39% at 60% LTV with a £1,499 fee and mainstream five year fixed rates now start from 2.44%, also at 60% LTV with a £1,499 fee.

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