Platform offers new fix

Platform Home Loans is launching a new range of market leading fixed rates starting from 4.99% and fixed until October 1 2003.

The new fixed rates are:

  • Up to 65% LTV = 4.99%
  • Up to 75% LTV = 5.49%
  • Up to 85% LTV = 5.99%
  • Up to 95% LTV = 6.99%

    The fixed rates are available across the whole range of Platform products with the exception of right-to-buy. There is an early redemption fee of 6% for the first three years and a minimum loan of £25,001 applies. As a limited tranche of funds is available, so intermediaries are encouraged to check availability with Platform where necessary.

    Guy Batchelor, sales and marketing director of Platform, says: “We are delighted to announce these very competitive fixed rates – this means that we are now offering the widest choice of products, both fixed and discounted, in the non conforming market.

    “There is a high demand for fixed rates at the moment from intermediaries and by taking advantage of the recent fall in the cost of fixed rate money we have been able to meet this demand. As ever, we are taking our clients&#39 needs into consideration and using the options on the market to offer them the widest possible choice.”