Platform launches new buy to let cashback mortgage

Platform have launched new mortgage products including a two year fixed rate buy to let deal that comes with £500 cashback and free valuation for both purchase and remortgage customers.

The new product from the Co-operative Bank's dedicated intermediary mortgage lender also comes with no arrangement fee.

It is available via Connells, Countrywide, First Complete, Pink, Legal & General, MI, Openwork, PMS, PTFS and Sesame.

Lee Gladwell, Business Development Director at Platform, said: "Our decision to offer cashback to customers is a direct result of us listening to intermediaries about what they want and acting on it."

Platform has also reduced rates on its existing Buy to Let 2 year fixed product with rates now starting from 4.19% and a reduced arrangement fee of 1%.  Free valuation is also available for purchase and remortgage along with free legals for remortgages.

Rates have also been reduced by up to 0.30% on Platform's other 2 year Buy to Let product that comes with an arrangement fee £950.  This product also offers free valuation for both purchase and remortgage, and remortgage customers benefit from free legals.

Rates on its mainstream two year fixed product have been reduced by 0.10% and is now 4.69% at 85% LTV along with offering customers £500 cashback across all LTVs.

Lee Gladwell continues: "We are keen to support intermediaries and believe that the reduction in rates and addition of new products supports them in their important advisory role."