Platform reduces fixed rates across range

Platform, the intermediary lender of Britannia, will launch on Monday 23rd April a significant reprice of fixed rates across its entire product range. In a move designed to increase its market share within the specialist lending sector in 2007, Platform has reduced rates by as much as 0.75%.

The new rates significantly enhance Platform’s current offering which includes free legal fees across its Prime, Self-Certification, Buy to Let and Non-Conforming products, 110% rental calculation option on its Buy to Let range and the removal of higher lending charges on its non-conforming products up to 90% LTV.

Platform has also reduced rates on many of its Tracker products across all ranges by up to 0.50%.

Paul Hunt, Platform’s Head of Marketing said: “2007 has already been a very exciting time for Platform, having completed our first sameday offer using AVM technology plus being recognised in recent industry awards for our high standards of service. These achievements, combined with the benefits of our Click online system, 110% Buy to Let rental, removal of Higher Lending Charges and free legal fees for remortgages, lend considerable weight to our overall market proposition. These significant changes to our product range will undoubtedly appeal to many intermediaries and position us well for the rest of the year.

“We are proud that our customers can now enjoy significant enhancements to not only our fixed rate products, but many of our trackers as well. Increased competition coupled with uncertainty over Bank of England base rate has placed the specialist mortgage sector in a unique situation and as a lender at the forefront of this market, these new products will ensure we maintain that position.”