Platform has altered the rates for a range of its new business and product switch deals, with some being increased by up to 0.25 per cent and others being cut by around 0.22 per cent.
Platform said products would be withdrawn at 5pm today and applications for current products would need to be received by that time.
The lender said it would increase its standard variable rate (SVR) by 0.25 per cent to 7.37 per cent for both new business and product switches, in line with the Bank of England’s base rate increase last week.
Platform said tracker products in both ranges would increase by around 0.25 per cent.
The company added that two and three-year fixed rates in its mainstream new business range would be cut by up to 0.21 per cent.
The lender said selected two, three and five-year fixed rates in its new business professional mortgage would be lowered by up to 0.22 per cent.
Two and five-year fixed rate Help to Buy products will be lowered by up to 0.15 per cent in its new business range and in its product switch range two, three and five-year fixed rates have been lowered.
In its new business range, its five-year fixed rate Help to Buy product at 60 per cent loan to value (LTV) with a £999 fee rose by around 0.03 per cent, and this also applies to the three-year fixed rate equivalent in its product switch range.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
