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TODAY'S OTHER NEWS

Platform reduces rates

Platform has announced reductions to borrowing rates across a range of mortgage products, including buy-to-let deals.

The intermediary mortgage brand of The Co-operative Bank has made its buy-to-let, Help to Buy, and mainstream products slightly cheaper, with a view to attracting new business.

Among the revised deals on offer is a five-year fixed rate buy-to-let mortgage available at 2.14% without a fee.

Neil Wyatt, head of mortgage distribution for Platform said: “We continue to review the interest rates we offer across our range of mortgages to ensure we’re offering competitive deals for broker clients looking for the right mortgage for their needs and we remain committed to having a competitive range of mortgages for first time buyers looking to get on to the property ladder and are pleased to be offering a number of best in market Help to Buy mortgage deals.

“We have always had a policy of offering preferential rates for our existing customers and this price change means we now have a number of deals that are best in market for our existing customers to benefit from.

“We want customers to pick a competitive deal from us and know that they will still be offered a great deal when they’re looking to switch their mortgage.

“We do value our loyal customers and want work with our broker partners to keep their clients’ business for the long-term.”

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