Platform reduces rates on select BTL deals

Platform, The Co-operative Bank’s brand for intermediaries, has reduced select fixed rate buy-to-let mortgage interest rates by up to 0.25 percentage points.

BTL products now include:

· Two year fixed rate BTL mortgages from 1.34 per cent;

· Three year fixed rate BTL mortgages from 2.04 per cent;

· Five year fixed rate BTL mortgages from 2.34 per cent.

Platform head of mortgages and insurance Paul Norcott says: “At a time when many of those looking to take a BTL mortgage face additional challenges, we’re pleased to be able to offer competitive deals to our broker partners as they look to secure the best mortgage option for their BTL clients.”

Free standard legals are available on all BTL fixed rate mortgages for remortgaging clients, and cashback of either £250 or £500 is available on select mortgage products.