x
By using this website, you agree to our use of cookies to enhance your experience.
CORONAVIRUS UPDATE

See the latest Coronavirus statistics from across the world on our world map SEE MAP UK Confirmed cases: 277,985 | UK Deaths: 39,369 SEE MAP Italy Confirmed cases: 233,515 | Italy Deaths: 33,530 | Italy Recovered: 160,092 SEE MAP Spain Confirmed cases: 239,932 | Spain Deaths: 27,127 | Spain Recovered: 150,376 SEE MAP See the latest Coronavirus statistics from across the world on our world map SEE MAP UK Confirmed cases: 277,985 | UK Deaths: 39,369 SEE MAP Italy Confirmed cases: 233,515 | Italy Deaths: 33,530 | Italy Recovered: 160,092 SEE MAP Spain Confirmed cases: 239,932 | Spain Deaths: 27,127 | Spain Recovered: 150,376 SEE MAP

TODAY'S OTHER NEWS

Platform cuts buy-to-let rates

Platform has reduced rates on its buy-to-let mortgage range by up to 0.10%.

Highlights include two year fixed rates starting from 2.24% at 60% LTV with a £1,999 fee.

It is also offering three and five-year fixed rates starting from 2.79% and 3.34% respectively, also to 60% LTV with a £1,999 fee.

Platform, the intermediary lender of The Co-operative Bank, is also reducing rates 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.”

New buy-to-let fixed rates:

Two-year fixed rates reduced by 0.10%:

£1,999 fee option starts from 2.24% at 60% LTV

£999 fee option starts from 2.44% at 60% LTV

£0 fee option starts from 2.99% at 60% LTV

Three-year fixed rates reduced by 0.05%:

£1,999 fee option starts from 2.79% at 60% LTV

£999 fee option starts from 3.04% at 60% LTV

£0 fee option starts from 3.74% at 60% LTV

Five-year fixed rates reduced by 0.10%:

£1,999 fee option starts from 3.34% at 60% LTV

£999 fee option starts from 3.54% at 60% LTV

£0 fee option starts from 4.09% at 60% LTV.

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% as Platform re-aligns these deals with the market.

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.

icon

Please login to comment

Zero Deposit Zero Deposit Zero Deposit
sign up