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Platform slashes fixed rate products again

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  • 23/02/2015
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Platform slashes fixed rate products again
Rates on two, three and five-year products at Platform have been cut further, with fee and fee-free options available up to 90% loan-to-value (LTV).

New deals now start from 1.49% fixed for two years at 60% LTV and rates have been reduced by up to 0.2% across the lenders fixed rate product range.

No fee deals on its 90% LTV products range from a two-year fixed rate at 3.44%, reduced from 3.54%, to its five-year fixed rate mortgage which has been cut from 4.29% to 4.19%.

It has also reduced rates on LTVs of 70%, 75% and 80%.

Stuart Beattie, head of mortgages at Platform, said: “We believe that many of our new products rank among the lowest ever fixed rate deals we’ve offered via brokers. With rates at these levels, it’s understandable that borrowers would turn to brokers for help on whether it’s the right time for them to fix.”

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