Platform has reduced the rates on its entire range of two year fixed rate buy to let products by 20 basis points.
The rate reduction consists of both the standard BTL range and the ‘Premier Buy to Let’ range, which was launched last month by the lender, the intermediary arm of Co-operative Bank.
The products available are up to a maximum LTV of 75 per cent (standard) and 65 per cent (Premier) and also includes products available on a Let to Buy basis, which are available to customers who are purchasing a new residential property who do not want to sell their existing property.
Nick Allen, product marketing manager at Platform, said: “Buy to let lending continues to remain buoyant with demand for rental properties remaining high.
“Platform is committed to supporting intermediaries and hope that the reduction in rates on our two year fixed rate products will enable them to offer a comprehensive range of competitive products to their clients.”
