Platform has rejigged its mainstream mortgage range available to brokers.
Changes include reductions of up to 0.15% percentage points on two, three and five-year fixed rates up to 80% LTV, available to both purchase and remortgage customers.
Meanwhile, the intermediary lender of The Co-operative Bank’s two-year fixed rate up to 90% LTV available for purchases only, has been reduced by up to 0.10 percentage points.
Stuart Beattie, head of mortgages at Platform, 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.”
Rate reductions include:
Up to 80% LTV (for purchases and remortgages):
- 2 year fixed rate at 1.59% (reduced from 1.69%), with a £1,499 fee
- 2 year fixed rate at 1.74% (reduced from 1.89%), with a £999 fee
- 3 year fixed rate at 2.29% (reduced from 2.44%) with a £999 fee
- 5 year fixed rate at 2.64% (reduced from 2.74%) with a £1,499 fee
- 5 year fixed rate at 2.79% (reduced from 2.89%) with a £999 fee
Up to 90% LTV (for purchases only):
- 2 year fixed rate at 3.39% (reduced from 3.49%) with a £999 fee
Fee free deals remain unchanged, while a small number of lower LTV rates have seen increases between 0.05-0.15 percentage points as Platform re-aligns these deals with the market.
All deals come with a free standard valuation for remortgagers and purchasers, plus free legals for remortgagers. A £250 cashback is also available on selected products.
