Platform launches seven-year fix
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Platform is today launching a new seven-year fixed rate deal.
The Co-operative Bank’s intermediary mortgage lender is 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: “While many commentators are predicting little movement in interest rates short-term, there’s only one direction they can move in the long-term.”
Gladwell adds: “The new seven-year deal has been launched as we believe a gap exists in the market between five and 10 years. We’re keen to see how the market reacts.
An 80% seven-year fixed rate is 5.29%, 75% is 4.99%, 70% is 4.79% and 65% standing at 4.69%.
All the deals are available for purchases and remortgages and have an administration fee of £140.
