Platform hopes seven-year deal will plug a gap
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Platform is launching a seven-year fixed rate deal today.
It is also offering new 10-year, seven-year, four-year and two-year fixed deals and a two-year tracker.
Lee Gladwell, business development director at Platform, says he believes a gap exists in the market between five and 10-year fixed rates, and is keen to see how the market reacts to a seven-year deal.
He says: “While many commentators are predicting little movement in interest rates in the short term there’s only one way they can go in the long term.”
The seven-year fixed rate is 5.29% at 80% LTV, 4.99% at 75% LTV, 4.79% at 70% LTV and 4.69% up to 65% LTV.
All the deals are available for purchases and remortgages, and have an administration fee of £140.
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