8 November 2004
Market leading new Fixed Rates from Platform
- Buy to Let and Self-Certification Fixed Rates added to
range
Platform, the “one-stop” intermediary lender of
Britannia Building Society, is enhancing its Buy to Let and
Self-Certification product ranges significantly, with the addition
of three new, aggressively priced 2 and 5 year 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.]
FIXED RATE PRODUCTS - KEY FEATURES
| |
|
|
| |
|
Self-Certification
|
Buy to
Let
|
|
2
Year
|
2
Year
|
5
Year
|
|
5.85%
to 01/02/07
|
5.70%
to 01/02/07
|
5.85%
to 01/02/10
|
|
Early Repayment Charge –
5%/4% of amount redeemed until 01/02/07
|
Early Repayment Charge –
5%/4% of amount redeemed until 01/02/07
|
Early Repayment Charge –
5%/5%/4%/4%/3% of amount redeemed until 01/02/10
Rental calculation
based on pay rate
|
|
|
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.”
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