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Platform launches cashback buy-to-let deals from 4.89%

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  • 07/07/2011
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Platform launches cashback buy-to-let deals from 4.89%
Platform has launched a range of two-year fixed rate buy-to-let mortgages from 4.89%, with no arrangement fee and £500 cashback.

The deals offer borrowers a free valuation and are available for both purchase and remortgage customers.

Platform’s range starts from 4.89% up to 60% LTV, 5.29% up to 65% LTV, 5.59% up to 70% LTV and 5.79% up to 75% LTV.

The mortgages are available from Connells, Countrywide, First Complete, Pink, Legal & General, MI, Openwork, PMS, PTFS and Sesame.

In addition, Platform has reduced rates on its existing range of two-year fixed rate buy-to-let mortgages.

Interest rates begin from 4.19% up to 60% LTV with a 1% arrangement fee, and 4.29% up to 60% LTV with a fixed arrangement fee of £950.

Meanwhile, Platform has also cut rates on its mainstream two-year fixed rate products by 0.10%, which are available up to 85% LTV at 4.69% with no arrangement fee and £500 cashback.

Lee Gladwell, business development director at Platform, said: “Our decision to offer cashback to customers is a direct result of us listening to intermediaries about what they want and acting on it.

“We are keen to support intermediaries and believe that the reduction in rates and addition of new products supports them in their important advisory role.”

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