Platform, subsidiary of The Co-operative Bank, has relaunched its premier buy-to-let (BTL) range with rates starting from one per cent.
This includes a two-year fixed rate at 60 per cent and 65 per cent loan to value (LTV), where rates are one per cent and 1.15 per cent respectively. Both come with a £2,450 fee.
For the two-year fixed rate at 60 per cent LTV, there has been a reduction of 0.54 per cent, whilst the two-year fixed rate at 65 per cent LTV has fallen by 0.81 per cent. It is available for purchase and remortgage, as well as a product switch.
The minimum and maximum loan amounts for the premier BTL range is £350,001 to £500,000, whilst the minimum household income is £60,000.
Potential borrowers can have a maximum of three BTL properties, mortgaged or mortgage free.
Borrowers must be an owner occupier and should have six months in current employment or two years in self-employed.
The mortgages are not available on new-build flats and local authority flats may be considered upon request.
This is one of the most competitive rates on the market, with the lowest rate in the BTL space a 0.99 per cent fixed rate deal from The Mortgage Work.
The lender has also reduced a range of its mainstream BTL five-year fixed rate products between 80 and 90 per cent LTV.
Its five-year fixed rate at 80 per cent LTV has decreased by 0.24 per cent, whilst at 85 per cent LTV has fallen by 0.27 per cent. Its five-year fixed rate at 90 per cent LTV has reduced by 0.36 per cent.
The above trio comes with a £1,999 fee.
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.