The lender is making changes to around 128 deals across its new and existing customer ranges, with brokers able to produce mortgage illustrations and submit applications for existing deals up to 10:30pm tonight.
In its core new customer residential range increases of up to 0.63 per cent have been applied, including its fee-free two-year fixed rate purchase deal at 60 per cent loan to value (LTV) which has risen to 5.39 per cent.
Its five-year fixed rate at 60 per cent LTV with £1,495 fee has risen from 4.04 per cent to 4.67 per cent.
Core residential remortgage deals have also been increased, with its two-year fixed rate mortgage with no fee and £250 cashback at 60 per cent LTV rising 0.55 per cent to 5.34 per cent.
Within its first-time buyer range, rate increases of 0.45 per cent have been made. An example includes its two-year fixed rate at 85 per cent LTV with £350 cashback and £995 product fee going from 4.76 per cent to 5.21 per cent.
On the Help to Buy side, remortgage deals have risen by around 0.55 per cent. Its two-year fixed rate remortgage at 60 per cent LTV with no fee and £500 cashback has risen from 4.94 per cent to 5.49 per cent.
In its green mortgage side, purchase and remortgage deals have increased by 0.55 per cent. Its two-year fixed rate purchase product at 60 per cent LTV with £995 fee has been upped to 5.06 per cent.
Within its existing customer range, its core residential range rates have risen by up to 0.2 per cent.
As an example, its two-year fixed rate switcher at 60 per cent LTV with £495 fee has gone from 4.59 per cent to 4.79 per cent.
Platform to withdraw new business range
Platform said that it would be withdrawing new business rates at close of business tomorrow at 5pm.
According to a note seen by this publication, a relaunch is expected on 9 June with a reprice.
A spokesperson for Platform said this was a temporary withdrawal and it intended to have new business products on sale in the near future. It said brokers would also be notified “in due course”.
