Platform announces new fixed rate products
These products are Platform's first fixed rate products for over a year, and have been made possible due to the recent decrease in the price of fixed rate funds.
The three mortgage offerings are; a 2 year Fixed Rate Buy to Let mortgage, a 5 year Fixed Rate Buy to Let mortgage, and a 2 year Fixed Rate Self-Certification mortgage. [All three of these products are offered on an 85% Loan to Value (LTV) basis.]
Guy Batchelor, Sales & Marketing Director at Platform, commented; “In recent weeks we have received considerable interest from intermediaries requesting fixed rates. By monitoring the money markets closely and having the support of Britannia's treasury team, we have been able to launch these products to meet the demand of our customers.
“Having both successfully launched our online pre-sales KFI on Monday and implemented all the changes needed for regulation, we will now be concentrating on improving our range products for intermediaries.”