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Platform and Cambridge adjust rates – round-up

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  • 24/01/2022
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Platform and Cambridge adjust rates – round-up
Platform has increased the rates of select mainstream products in its new business range by up to 0.15 per cent.

 

This includes a trio of three-year fixed-rate products between 60 and 75 per cent loan to value (LTV), which have gone up by 0.15 per cent. Rates start from 1.92 per cent.

Its five-year fixed-rate products, also between 60 and 75 per cent LTV, have gone up by 0.15 per cent, with rates beginning at 1.92 per cent.

Its five-year fixed rate at 80 per cent with a £1,499 fee has gone up by 0.13 per cent to 1.87 per cent, whilst its five-year fixed rate at the same LTV and a £999 fee has increased by 0.12 per cent to 1.91 per cent.

The lender’s two-year fixed rates between 80 and 90 per cent LTV with a £1,499 fee has grown by 0.1 per cent, with rates now starting from 1.7 per cent.

Two-year fixed rates between 80 and 90 per cent LTV with a £999 fee have gone up by 0.1 per cent and will begin from 1.78 per cent.

Two-year fixed-rate products from 60 to 75 per cent LTV have increased by 0.05 per cent and start from 1.85 per cent.

Cambridge cuts select discounted rates

Cambridge Building Society has cut selected discounted products by as much as 0.4 per cent and removed application and completion fees.

This includes a two-year discounted interest-only option at 70 per cent LTV and at 80 per cent LTV, both of which have fallen from 2.19 per cent to 2.14 per cent.

On these two products Cambridge has removed application and completion fees,  so on the 70 per cent LTV product the amount saved is £1,699, whilst the 80 per cent LTV option saves £999 in fees.

Its two-year discounted product at 90 per cent LTV has decreased from 2.89 per cent to 2.49 per cent.

The lender has also removed its £199 application fee for this product, which had no completion fee.

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