Platform plans to boost B2L lending

Platform is looking to increase its buy-to-let lending by a third in 2012.

The Co-operative Bank-owned lender has ring-fenced £600m for buy-to-let for the year, up from the £450m it lent in 2011.

Lee Gladwell, business development director at Platform, says: “Platform has many years’ experience in buy-to-let and we aim to be a preferred lender for this sector in future by continuing to provide a wide and innovative product range and great service.”

He adds that uncertainty around the economy, employment and house prices is continuing to fuel demand for the rental market and create opportunities for landlords and brokers.