Platform, the intermediary lender of The Co-operative Bank, today announced it is cutting rates across its buy-to-let mortgage range while raising rates on some fixed products.
Highlights in the revamped buy-to-let range include two-year fixed rates now starting from 2.24 per cent at 60 per cent loan-to-value (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.
The lender said reduced rates are also available on higher LTV bands and mortgage deals with either £999 or no fee options.
On the other hand, part of the new broker range, mainstream two- and five-year fixed rates have seen small increases of 0.05 percentage points 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.
Stuart Beattie, head of mortgages at Platform, commented:
“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.”
