Platform slashes 90% LTV rates and unveils new fixes

Platform has reduced rates by up to 0.20% on 90% LTV mortgages and launched a range of new three-year fixes.

Its two-year fixed rate to 90% LTV charges 2.64% with a £999 fee or 2.94% with no fee.

It charges 2.99% for a three-year fix with a £999 fee and 3.34% with no fee.

Five-year fixed rates cost 3.39% with a £999 fee and 3.54% with no fee.

In addition, Platform has launched a new range of three year fixed rates with £1,499 arrangement fee and £250 cashback

Highlights include:

60% LTV at 1.89% with a £1,499 arrangement fee

70% LTV at 2.04% with a £1,499 arrangement fee

75% LTV at 2.09% with a £1,499 arrangement fee

80% LTV at 2.19% with a £1,499 arrangement fee

85% LTV at 2.24% with a £1,499 arrangement fee

90% LTV at 2.89% with a £1,499 arrangement fee

Platform the intermediary lender of The Co-operative Bank, has also reduced selected buy-to-let mortgages rates by up to 0.25%.

Its two-year tracker rates start from 2.04% at 60% LTV with a £999 arrangement fee.

Stuart Beattie, head of mortgages at Platform, said: “We are pleased to be able to offer another rate reduction to our brokers for their clients.

“This will be the final rate reduction across our product range this year and we are delighted to offer brokers these deals and look forward to an exciting year ahead for intermediaries in 2016.”

Platform mortgage deals come with a free standard valuation for first mortgages, plus free legals for remortgage.

Cashbacks of £250 or £500 are available on selected products.