Platform cuts fixed rates by 0.30pc

Sam Cordon

January 18, 2013

Platform has also launched a 2-year fixed rate product with rates from 2.55% with a £950 arrangement fee while reducing rates by up to 0.90% on its buy-to-let range.

James Hillon, head of mortgages at the Co-operative Bank, said: “We hope that the rate reductions across both out mainstream and buy-to let ranges enable brokers to offer a wide range of competitive products to their customers.

“This is a further commitment from Platform to the intermediary sector and mainstream mortgage market in 2013 where we will continue to develop a range of products that enable brokers to meet the needs of their customers.”

All mainstream remortgages benefit from a free valuation and free standard legal fees and house purchases come with a free valuation.

Whilst concentrating on mainstream mortgage lending, Platform continues to lend to the buy-to-let market and has reduced rates in this range by up to 0.90% with 2-year fixed rates starting from 3.49% at 60% LTV with a £2450 fee or 3.99% with a £950 fee.

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