Platform reduces rates

Platform has cut buy-to-let mortgage rates at 70% loan-to-value and 75% LTV by up to 0.15%.

Highlights include 5-year fixes at 3.89% to 70% LTV and 3.99% to 75% LTV, both with no fee.

The lender’s 2-year tracker buy-to-lets have been cut to 2.24% to 70% LTV and 2.34% to 75% LTV, both with a £1,999 fee.

Stuart Beattie, head of mortgages at Platform, said: “With the continued demand we are seeing for buy-to-let mortgages, we are delighted to offer brokers these new reduced rates from our Platform mortgage range.

“Supporting brokers and growing our mortgage business is a key part of our strategy and we remain committed to offering competitive deals, providing great quality products and services, to both brokers and their clients.”

All products come with free legals for remortgagors and cashback of £250 and £500 on selected rates.

The lender’s maximum loan value is £350,000.

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