Platform removes admin fee

The lender has also made £250 cashback available on all fixed rate residentail mortgages.

Platform removes admin fee

Platform has removed the £90 administration fee across its mortgage range.

The lender has also made £250 cashback available on all fixed rate residentail mortgages.

Paul Norcott, head of mortgages at Platform, said: “It is a competitive market right now and we want to ensure that we’re offering our brokers the best possible deals.

“The removal of the compulsory fee means that we now have some fee free products in our range, offering more choice for our intermediary partners, looking to secure the right mortgage for their clients.

“In addition, cashback of £250 is also available on all fixed rate mainstream mortgages, great news for any customer looking to remortgage, as the cashback can be used to offset the exit fee.

“Together with the removal of administration fees, this effectively means remortgaging to Platform can be done without incurring any up-front costs.”

The lender has also made rate reductions of up to 0.15%, as 2-year trackers now cost 1.24% to 60% loan-to-value with a £999 fee.