Platform launches new residential mortgage range

mortgage plartform residential

Platform has launched a range of residential mortgage products with rates starting at 3.19 per cent.

The range of two-year and five-year mortgages start are available from today and come with a standard legal fee for remortgages as well as free valuation. A five-year fixed rate starts at 3.45 per cent with a £950 arrangement fee and is available up to 80 per cent LTV.

A five-year fixed at 4.95 per cent is available at 85 per cent LTV with no arrangement fee.

Rates on the two-year tracker start at 3.19 per cent up to 60 per cent LTV, also with a £950 arrangement fee.

The Co-operative Bank’s head of mortgages James Hillon says: “Platform is committed to supporting intermediaries and their customers by offering a range of products that are fit for purpose and best suit their needs.

“We have found that there is increasingly more appetite for longer term fixed rate products which allow people to budget with more certainty, and have therefore decided to launch the competitively priced 5 year fixed rate product for our customers.

“We hope that the suite if mainstream products, which include fixed and tracker options, will enable brokers to offer a comprehensive range of competitive products to their clients.”