Platform reduces buy to let rates by up to 0.10%

Platform, the intermediary lender of The Co-operative Bank, has reduced rates on its Buy to Let mortgage range by up to 0.10 per cent.

Highlights include two year fixed rates now starting from 2.24 per cent at 60 per cent LTV with a £1,999 fee - along with three and five year fixed rates now starting from 2.79 per cent and 3.34 per cent respectively, also for mortgages at 60 per cent LTV with a £1,999 fee. Reduced rates are also available on higher LTV bands and mortgage deals with either £999 or no fee options.

Stuart Beattie, Head of Mortgages at Platform, said: “With the continued demand we are seeing for Buy to Let mortgages, we are delighted to offer brokers these new reduced rates from our Platform mortgage range.

“Supporting brokers and growing our mortgage business is a key part of our strategy and we remain committed to offering competitive deals, providing great quality products and services, to both brokers and their clients.”

New Buy to Let fixed rates at a glance:

2 year fixed rates reduced by 0.10%:

£1,999 fee option starts from 2.24% at 60% LTV

£999 fee option starts from 2.44% at 60 per cent LTV

£0 fee option starts from 2.99% at 60% LTV

3 year fixed rates reduced by 0.05%:

£1,999 fee option starts from 2.79% at 60% LTV

£999 fee option starts from 3.04% at 60% LTV

£0 fee option starts from 3.74% at 60% LTV

5 year fixed rates reduced by 0.10%:

£1,999 fee option starts from 3.34% at 60% LTV

£999 fee option starts from 3.54% at 60% LTV

£0 fee option starts from 4.09% at 60% LTV.

Platform also offers Buy to Let rates on mortgages up to 65 per cent, 70 per cent and 75 per cent LTV. All rates come with free legals for remortgagers. A cashback of £250 and £500 is also available on selected rates. Maximum loan value is £350,000.

As part of the new broker range, mainstream two and five year fixed rates have seen small increases of 0.05 per cent as Platform re-aligns these deals with the market. Mainstream two year fixed rates now start from 1.39 per cent at 60 per cent LTV with a £1,499 fee and mainstream five year fixed rates now start from 2.44 per cent, also at 60 per cent LTV with a £1,499 fee.

For full details of the Platform’s mortgage range go to platform.co.uk.