Platform raises maximum BTL loan ceiling

Published on

Platform has launched a new range of buy-to-let products aimed at landlords wanting to purchase higher value properties.

Platform’s ‘Premier buy-to-let’ range increases the lender’s maximum loan size price for buy-to-let mortgages to £500,000.

The new two-year fixed rate and tracker rate products are available up to a maximum LTV of 65% and come with a 1% arrangement fee. The range also includes products available on a Let to Buy basis, available to customers who are purchasing a new residential property and who do not want to sell their existing property.

Additionally, all fixed rate end dates across all products have been extended to 30 April 2014.

The Premier buy-to-let products will only be offered to landlords with a minimum income of £60,000 either sole or joint, and have also increased their maximum portfolio exposure on three properties totalling £1.5 million from £1 million.

All come with free valuation for purchases and remortgages and free standard legals for remortgages.

Nick Allen, product marketing manager at Platform said: “The introduction of the new Premier buy-to-let products

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Regions share £10bn allocation for 70,000 affordable homes

More than 70,000 social and affordable homes are to be built across six English...

Amanda Bryden appointed to lead Accord Mortgages

Yorkshire Building Society has appointed Amanda Bryden as director of distribution and incoming managing...

TMG backs Rotherham United Women in shirt sponsorship deal

TMG Financial Services has agreed a partnership with Rotherham United Women FC to become...

ModaMortgages adds fixed-fee options to limited-edition range

ModaMortgages has expanded its limited-edition buy-to-let range with new fixed and percentage-based product fee...

Rely cuts rates for landlords with large property portfolios

Rely has launched a limited-edition range of buy-to-let mortgages for landlords who own 11...

Latest publication

Other news

Why the FCA’s Protection Report is a wake-up call and a massive opportunity for advisers

According to Mortgage Advice Bureau, approximately 90% of all mortgages are secured through an...

Regions share £10bn allocation for 70,000 affordable homes

More than 70,000 social and affordable homes are to be built across six English...

Amanda Bryden appointed to lead Accord Mortgages

Yorkshire Building Society has appointed Amanda Bryden as director of distribution and incoming managing...