Platform launches 2 year fix

The new product has been created in partnership with brokers in order to offer customers an alternative mortgage solution. The move strengthens the range already offered by Platform as it continues to build its proposition as a mainstream mortgage lender.

The new rates are:

3.44% up to 70% LTV with a £855 application fee

3.69% up to 75% LTV with a £855 application fee

4.89% up to 80% LTV with a £855 application fee

5.64% up to 85% LTV with no application fee

The deal comes with a free valuation and legal fees for remortgages.

Platform has also increased the number of selected intermediary partners that can access the product from five to 10, meaning more brokers will be able to recommend the mortgage.

Lee Gladwell, director of business development at Platform, said: "This extremely competitive fixed rate mortgages is great news for brokers and provides another example of our commitment to supporting the sector with a first class product and service proposition.

"The response from brokers since we launched as a mainstream mortgage provider has been very encouraging and we believe that we are making excellent progress in our aim of helping intermediaries provide outstanding service to their clients."

One of the intermediaries set to benefit from the increased broker panel is Connells Group. Commenting on the new mortgage, Charles Haresnape, group mortgage services director at Connells, said: "This is great news and means Platform will be helping more of our customers onto the property market.

"It's good to see more competition returning to the mortgage market which can only help a sustained recovery."