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Platform relaunches mainstream and BTL products

Anna Sagar
Written By:
Posted:
November 14, 2022
Updated:
November 14, 2022

Platform has brought back a range of new business and product switch products across mainstream, buy-to-let, Help to Buy and professional mortgage ranges.

On the new business side, the Standard Variable Rate (SVR) has increased by 0.38 per cent to 5.87 per cent, and it has reintroduced two and three-year fixed rates.

The lender has also brought out 10-year fixed rates up to 80 per cent loan to value (LTV) and dropped its five-year fixed rates by up to 0.43 per cent.

Two-year tracker products have gone up by 0.75 per cent.

Two-year fixed rate new business professional mortgage products have been reintroduced and five-year fixed rates have reduced up to 0.45 per cent.

 

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Platform buy-to-let range

In its new business buy-to-let range, the reversionary rate margin has been cut from 3.24 per cent to 2.87 per cent to maintain a reversionary rate of 5.87 per cent.

Two-year fixed buy-to-let products have been re-released and buy-to-let premier fixed rates have fallen by up to 0.44 per cent.

Two-year buy-to-let premier tracker products have increased by 0.75 per cent.

Platform has also brought back its two-year fixed buy-to-let products and five-year fixed rate buy-to-let products have decreased by up to 0.35 per cent.

Two-year buy-to-let premier fixed rate products have decreased by up to 0.44 per cent.

 

Welsh HTB and product switches

Platform has also brought back two-year fixed rates for the Welsh Help to Buy scheme and five-year fixed rates for the scheme have fallen by up to 0.38 per cent.

On the product switch side, mainstream two and three-year fixed rates have been brought back and five-year fixed rates have decreased by up to 0.46 per cent.

For Help To Buy, the lender has also reintroduced a fee-free two-year fixed rate and fee-free three-year fixed rates. Three-year fixed rates with £499 fee have also been brought back.

Five-year fixed rates have decreased by up to 0.64 per cent.