Platform launches BTL cashback mortgage
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Platform has launched a range of new mortgage products including a two-year fixed rate buy-to-let deal that comes with £500 cashback and free valuation for both purchase and remortgage customers.
The new product also comes with no arrangement fee and is available via Connells, Countrywide, First Complete, Pink, Legal & General, Mortgage Intelligence, Openwork, PMS, PTFS and Sesame.
Lee Gladwell, business development director at Platform, says: “Our decision to offer cashback to customers is a direct result of us listening to intermediaries about what they want and acting on it.”
Platform has also reduced rates on its existing buy-to-let two-year fixed product with rates now starting from 4.19% and a reduced arrangement fee of 1%. Free valuation is also available for purchase and remortgage along with free legals for remortgages.
Rates have also been reduced by up to 0.30% on Platform’s other two-year buy-to-let product that comes with an arrangement fee £950. This product also offers free valuation for both purchase and remortgage, and remortgage customers benefit from free legals.
Rates on its mainstream two-year fixed product have been reduced by 0.10% and is now 4.69% at 85% LTV along with offering customers £500 cashback across all LTVs.
Gladwell adds: “We are keen to support intermediaries and believe that the reduction in rates and addition of new products supports them in their important advisory role.”
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