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Platform makes another rate cut across fixed mortgage range

by Vanya Damyanova
February 23, 2015
Are you paying over the odds for your mortgage?
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Platform, the intermediary lender of the Co-operative Bank, has launched a new rate reduction across its fixed product portfolio from today (23 February).

house calculator2The company has cut by up to 0.2 percentage points the rates of two-, three- and five-year mortgages with a variety of deposits and fee options.

Stuart Beattie, head of mortgages at Platform, commented:

“We believe that many of our new products rank amongst the lowest ever fixed rate deals we’ve offered via brokers. With rates at these levels, it’s understandable that borrowers would turn to brokers for help on whether it’s the right time for them to fix.”

The new offers include:

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Up to 60 per cent loan-to-value:

  • 2 year fixed rate at 1.49% (previously 1.59%) with a £999 fee
  • 5 year fixed rate at 2.29% (previously 2.49%) with a £1,499 fee

Up to 70 per cent loan-to-value:

  • 5 year fixed rate at 2.54% (previously 2.69%) with a £1,499 fee

Up to 75 per cent loan-to-value:

  • 2 year fixed rate at 1.74% (previously (1.79%) with a £999 fee
  • 3 year fixed rate at 2.24% (previously 2.34%) with a £999 fee
  • 5 year fixed rate at 2.64% (previously 2.74%) with a £1,499 fee

Up to 80 per cent loan-to-value:

  • 2 year fixed rate at 1.99% (previously 2.04%) with a £999 fee

Up to 90 per cent loan-to-value – no fee deals

  • 2 year fixed rate at 3.44% (previously 3.54%), no arrangement fee
  • 3 year fixed rate at 3.99% (previously 4.09%), no arrangement fee
  • 5 year fixed rate at 4.19% (previously 4.29%), no arrangement fee

Platform mortgages come with a free standard valuation for remortgagers and purchasers, plus free legals for remortgagers. Brokers can also choose from a range of products that include a £250 cashback.

Tags: fixed rate mortgage ratesfixed rate mortgagesrate cuts
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