Platform reduces rates on BTL products
Platform has today reduced the rates on its entire range of 2 year fixed rate buy to let products by 20 basis points.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
The rate reductions come just a month after Platform committed to significantly increasing its lending in the buy to let market in 2012 as part of its continued broker support.
The products available are up to a maximum LTV of 75% (standard) and 65% (Premier) and also includes products available on a Let to Buy basis, which are available to customers who are purchasing a new residential property who do not want to sell their existing property.
Nick Allen, Product Marketing Manager, at Platform said:
“Buy to let lending continues to remain buoyant with demand for rental properties remaining high.
“Platform is committed to supporting intermediaries and hope that the reduction in rates on our 2 year fixed rate products will enable them to offer a comprehensive range of competitive products to their clients.”
Product details
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Budget
Budget: Government confirms details of 2.5% deposit first-time buyer scheme
State Pension
Budget: Government confirms state pension tax protection
FCA
FCA restricts six lenders over anti-money laundering concerns
FCA
Advice firm employees plead guilty after defrauding clients of £2m
Budget
Budget: Government reduces Lifetime ISA withdrawal charges ahead of new FTB ISA launch
Inflation
Inflation rises to 3.5% as mortgage rates outlook shifts
