Platform launches new buy-to-let range

Platform, the Co-operative Bank's dedicated intermediary mortgage lender, has further demonstrated its desire to support the buy-to-let sector with the launch of a new product range.

The intermediary introduced new two and four-year fixed-rate deals as well as a two-year tracker offering its customers its best mortgage rates.

Its new two and four-year fixed-rate buy-to-let mortgages offer rates ranging from 4.59 per cent to 5.49 per cent on 60, 65 and 70 per cent loan to value LTV.

Lee Gladwell, business development director at Platform, said: "Platform has a wealth experience and expertise in buy-to-let lending and we are keen to extend our buy-to-let product proposition exclusively for the intermediary market."

He added that the new products offer a competitive range for brokers to offer to their clients.

The two-year tracker products offer rates of 3.49 per cent up to 60 per cent LTV and 3.89 per cent for borrowers providing a 30 per cent deposit.

Research carried out by Paragon Mortgages found that almost half of mortgage brokers reported an improvement in the availability of buy-to-let mortgages during the third quarter of 2010.
 

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2010-11-10 14:13:34 © Moneyextra.com