Platform revises mortgage rates

Platform has announced (16 November) revised rates on a number of mortgage products and has implemented changes to its mortgage proposition.

Platform, the intermediary mortgage specialist has reduced rates on several fixed and tracker deals in its range for the second time in two months. These are:

3 Year fixed rates from 4.59 per cent
2 Year tracker products from 2.89 per cent
3 Year tracker products from 2.99 per cent

Platform has also launched a 2 Year Fixed rate Buy to Let Product with rates from 5.19 per cent and a 3 Year Fixed Rate Buy to Let product with rates from 5.79 per cent.

All the new rate mainstream mortgages come with free valuation and free legal fees for remortgages and are available via Platform's panel of intermediary partners with a reduced application fee of £855.

Lee Gladwell, Director of Sale & Propositions at Platform, said: "This reduction in rates across our mainstream range is good news for intermediaries with the introduction of more competitive products.

"Platform is striving to develop a dedicated intermediary mortgage business that puts IFAs at the heart of our product and service proposition, enabling them to deliver an enhanced service to their clients. "

Platform has also withdrawn its 5 Year Fixed rate product.

Following the merger between Britannia Building Society and The Co-operative Financial Services in August 2009, Platform is now the intermediary lender of The Co-operative Bank.