Platform reduces B2L rates
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Platform has reduced the rates on its entire range of two-year fixed rate buy-to-let products by 0.20%.
The rate reduction consists of both the standard BTL range and the premier buy-to-let range which was launched last month by the Co-operative Bank’s dedicated intermediary mortgage lender, Platform.
The products available are up to a maximum LTV of 75% on its standard range and 65% on its premier range and also includes products available on a let-to-buy basis, which are available to customers who are purchasing a new residential property who do not want to sell their existing property.
It is now offering a two-year fixed rate at 4.29% up to 70% LTV wth a 2.50% arrangemnet fee, as well as a two-year fixed rate at 4.39% up to 70% LTV with a £2,450 fee.
All the products come with free valuation for purchases and remortgages and free standard legal fees for remortgages.
Nick Allen, product marketing manager, at Platform, says: “Buy-to-let lending continues to remain buoyant with demand for rental properties remaining high.
“Platform is committed to supporting intermediaries and hope that the reduction in rates on our two-year fixed rate products will enable them to offer a comprehensive range of competitive products to their clients.”
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