The let-to-buy option will enable borrowers that do not want to sell their existing property to remortgage onto a buy-to-let product.
Platform has launched a range of let-to-buy products, including two-year fixed rates from 3.79%, four-year fixed rates from 4.59%, one-year tracker rates from 3.59% and two-year tracker rates from 2.99%.
Let-to-buy deals are available up to 75% LTV with a maximum loan value of £350,000. Remortgages will only be offered once Platform has seen the mortgage offer on the residential property purchase.
Lee Gladwell, business development director at Platform, said: “At present, the housing market continues to be challenging whilst the rental market is buoyant.
“We hope that by allowing our complete buy-to-let range to be offered by brokers to their clients as a let-to-buy solution will help them to demonstrate the importance of professional mortgage advice, whilst strengthening their business proposition.”
In addition, Platform has cut interest rates across its two- and four-year mainstream fixed rate mortgages and two-year tracker deals.
Two-year fixed rates start from 3.09%, while four-year fixed rates begin from 4.09% and two-year trackers have rates from 2.29%.
All applications have a £89 non-refundable administration fee.
