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Platform reduces buy to let rates by up to 0.15 per cent

 

Platform, the intermediary lender of The Co-operative Bank, has reduced rates on its Buy to Let mortgage range.

 

Changes to the rates are now available and include reductions to some fixed Buy to Let mortgages by up to 0.15 per cent for 70 and 75 per cent LTV and Buy to Let tracker mortgages by up to 0.10 per cent, again for 70 and 75 per cent LTV.

 

Highlights include Buy to Let five year fixed rates of 3.89 per cent at 70 per cent LTV with a £0 fee, and five year fixed rates of 3.99 per cent at 75 per cent LTV again with £0 fee. Also a reduction to the two year tracker Buy to Let mortgages with a rate of 2.24 per cent at 70 per cent LTV with a £1,999 fee, and a rate of 2.34 per cent at 75 per cent LTV with a £1,999. Some two year fixed and five year fixed Buy to Let mortgages have also been reduced by between 0.05 and 0.10 per cent in both the 70 per cent and 75 per cent LTV bands.

 

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.”

 

New Buy to Let fixed rates at a glance:

 

  • 2 year fixed rates reduced by 0.05 per cent:
  • £1,999 fee option at 70 per cent LTV now 2.34%
  • £999 fee option at 70 per cent LTV now 2.59%
  • £0 fee option at 70 per cent LTV now 3.09%
  • £0 fee option at 75 per cent LTV now 3.14%

 

  • 2 year fixed rates reduced by 0.10 per cent:
  • £1,999 fee option at 75 per cent LTV now 2.44%
  • £999 fee option at 75 per cent LTV now 2.69%

 

  • 5 year fixed rates reduced by 0.10 per cent:
  • £1,999 fee option at 70 per cent LTV now 3.39%
  • £1,999 fee option at 75 per cent LTV now 3.54%
  • £999 fee option at 70 per cent LTV now 3.59%
  • £999 fee option at 75 per cent LTV now 3.74%

 

  • 5 year fixed rates reduced by 0.15 per cent:
  • £0 fee option starts at 70 per cent LTV now 3.89%
  • £0 fee option starts at 75 per cent LTV now 3.99%

 

  • 2 year tracker rates reduced by 0.05 per cent:
  • £1,999 fee option at 70 per cent LTV now 2.24%
  • £1,999 fee option at 75 per cent LTV now 2.34%

 

  • 2 year tracker rates reduced by 0.10 per cent:
  • £999 fee option at 70 per cent LTV now 2.49%
  • £999 fee option at 75 per cent LTV now 2.59%

 

Platform also offers Buy to Let rates on mortgages up to 60 per cent and 65 per cent LTV. All rates come with free legals for remortgagers. A cashback of £250 or £500 is also available on selected rates. Maximum loan value is £350,000.

 

                      For full details of the Platform’s mortgage range please go to www.platform.co.uk

 

                                                                                  -Ends-

For further information contact:

 

Nicki Parry
The Co-operative Bank Press Office
Email: nicki.parry@cfs.coop

Telephone: 0161 201 1590

 

Notes to editors:

 

About The Co-operative Bank

The Co-operative Bank plc provides a full range of banking products and services to almost 5 million retail and SME (Small and Medium Sized Enterprises) customers.  The Bank is committed to values and ethics in line with the principles of the co-operative movement.

 

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