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Platform raises resi and BTL rates

  • 17/05/2022
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Platform raises resi and BTL rates
Platform has increased rates on its residential and buy-to-let mortgage ranges.

For new residential customers, two-year fixes have risen by up to 0.16 per cent and now begin from 2.7 per cent for a product at 60 per cent loan to value (LTV) with a £1,499 fee. 

Elsewhere, three and five-year fixes at 60 to 90 per cent LTV have gone up by up to 0.17 per cent while at 95 per cent LTV, three and five-year fixes have reduced by 0.04 per cent. 

At 95 per cent LTV, the three-year fixed rate with a £1,499 fee is now 3.16 per cent while the five-year equivalent is 3.17 per cent. 

Across its professional mortgage range, two and five-year fixed rates have gone up by as much as 0.15 per cent. 

Its two and five-year buy-to-let products have risen by up to 0.16 per cent, as have the two-year fixed premier options. Equivalent rate increases have been made to buy-to-let customers making product switches. 

Help to Buy mortgages fixed for two and five-years have risen by as much as 0.20 per cent. Equivalent rate hikes have been made to product switching borrowers. 

For those switching rates across Platform’s mainstream residential range, rates have increased by up to 0.12 per cent across two, three and five-year fixes. 

Changes apply from 17 May. 

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