Platform cuts high LTV rates
For customers making purchases its 2-year fix stands at 3.39% to 90% LTV with a £999 fee, while to 80% LTV 2-year fixes are priced at 1.59% with a £1,499 fee and £1.74% with a £999 fee.
Rates have also been cut on its 80% LTV 5-year fixes, which now stand at 2.64% with a £1,499 fee and 2.79% with a £999 fee, while Platform’s 3-year fix stands at 2.29% with a £999 fee.
Stuart Beattie, Platform’s head of mortgages, said: “We are constantly reviewing the market to ensure we remain competitive with a varied range of mortgages for brokers to offer to their clients.
“Our latest rate reductions, which are mainly focused on our 80% and 90% LTV mortgages, will make these rates particularly attractive to those borrowers with smaller deposits who are specifically looking for higher LTV deals.”
The lender’s free deals remain unchanged, while a small number of lower LTV rates have seen increases between 0.05% and 0.15%.
Platform is the intermediary lender of The Co-operative Bank.