Platform launches its cheapest two-year fix


Platform has launched its lowest ever two-year fixed rate for brokers at just 1.64%.

The deal is available for mortgages up to 60% loan-to-value and has a £999 fee.

It also has £250 cashback and a free standard valuation.

Platform, the intermediary mortgage lender of The Co-operative Bank, has also launched other rate reductions of up to 0.40% across its residential two, three and five-year fixed rates.

It’s three-year residential fixed rate now charges 2.19%, down from 2.59% previously.

And its five-year fix is now 2.59%, down from 2.94%.

Both are available for loans up to 60% LTV.

All residential borrowers benefit from a free valuation and those with smaller deposits can enjoy two, three and five year fixes at 90% LTV starting from 3.49%, 4.14% and 4.39% respectively, (reduced from 3.79%, 4.54% and 4.74%).

Platform offers is a wide range of LTVs, fees and cashback options for borrowers to choose from.

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Exclusively for Teachers

Teachers Building Society have launched new products.

Teachers has unveiled two fixed rate 80% LTV intermediary exclusives at 2.30% for house purchase and 2.60% for customers looking to remortgage.

The home purchase mortgage is fixed until 14 March 2017 with a £99 application fee and £899 arrangement fee while the remortgage option comes with no fees.

Both products are fixed until 14 March 2017 before reverting to the society’s standard variable rate (currently 4.99%), while an early repayment charge of 3% applies during the duration of the term.

The views of the author are personal opinions and do not constitute advice.