04 May 2010
Platform launches new 2 year fixed mortgage
Platform today (4 May) launched new two year fixed rate mortgages
with rates from 3.49 per cent exclusively for intermediaries.
The new products are available to Platform’s panel of
intermediary partners and come with free valuation. There are
also free standard legal fees for remortgages. Rates are:
• 70 per cent LTV from 3.49 per cent;
• 75 per cent LTV from 3.69 per cent;
• 80 per cent LTV from 4.79 per cent.
The deals can be used for both purchases and remortgages and
have an arrangement fee of £855 and an administration fee of
£140.
Lee Gladwell, Director of Sale & Propositions at Platform,
said: “This is an excellent deal for intermediaries to recommend to
clients with concerns about the impact of potential increases in
rates.
“Tracker products have been dominating the market for some time
but with more competitive fixed rates now emerging consumers are
again facing a real choice between the two.
“It’s certainly an opportunity for intermediaries to show the
quality of their expertise by helping their clients to decide what
type is best for them.”
Platform is the dedicated intermediary lender of The
Co-operative Bank.
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