Platform cuts buy-to-let rates

Ryan Bembridge

June 5, 2017

Platform has reduced buy-to-let rates by up to 0.25% – with 2-year fixes starting from 1.34% to 60% loan-to-value with a £1,499 arrangement fee.

The lender has also reduced 3-year fixes to 2.04% and 5-year fixes to 2.34%, both to 60% LTV with a £1,499 fee.

Paul Norcott, head of mortgages and insurance said: “At a time when many of those looking to take a buy-to-let mortgage face additional challenges, we’re pleased to be able to offer competitive deals to our broker partners as they look to secure the best mortgage option for their buy-to-let clients.

“The significantly reduced interest rates across our Platform Buy to Let fixed rate mortgage range should appeal to those clients looking to remortgage and reduce their monthly repayments with the added benefit of free legals, and cashback of up to £500 available on some products, as a way for Landlords to offset increased costs.”

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