Platform cuts 90pc LTV rates

Sarah Davidson

December 18, 2015

household finances during pandemic

Platform has cut rates for intermediaries across its 90% loan-to-value mortgage range by up to 20 basis points.

The new deals start from 2.64% with a £999 fee and 2.94% for a 2-year fixed rate with no fee; 2.99% with a £999 fee and 3.34% with no fee for 3-year fixed rates; and 5-year fixed rates from 3.39% with a £999 fee and 3.54% with no fee.

A range of deals with £1,499 arrangement fee are also available.

In addition, Platform has launched a new range of 3-year fixed rates. Highlights of the new three year fixed rate mortgage range with £1,499 arrangement fee and £250 cashback include:

  • 60% LTV at 1.89% with a £1,499 arrangement fee
  • 70% LTV at 2.04% with a £1,499 arrangement fee
  • 75% LTV at 2.09% with a £1,499 arrangement fee
  • 80% LTV at 2.19% with a £1,499 arrangement fee
  • 85% LTV at 2.24% with a £1,499 arrangement fee
  • 90% LTV at 2.89% with a £1,499 arrangement fee

Platform has also reduced selected Buy-to-let mortgages rates by up to 0.25% and 2-year tracker rates start from 2.04% at 60% LTV with a £999 arrangement fee.

Stuart Beattie, head of mortgages at Platform, said: “We are pleased to be able to offer another rate reduction to our brokers for their clients.

“This will be the final rate reduction across our product range this year and we are delighted to offer brokers these deals and look forward to an exciting year ahead for intermediaries in 2016.”

Platform mortgage deals come with a free standard valuation for first mortgages, plus free legals for remortgage. Cashbacks of £250 or £500 are available on selected products.

Sign up to our daily email