Platform cuts BTL rates

The rate reduction consists of both the standard buy-to-let range and Platform’s premier buy-to-let range which was launched last month.

Products are available up to a maximum of 75% loan to value and 65% LTV for premier products and also includes products available on a let-to-buy basis.

All products come with free valuation for purchases and remortgages and free standard legal fees for remortgages.

Nick Allen, product marketing manager at Platform, said: “Buy-to-let lending continues to remain buoyant with demand for rental properties remaining high.

“Platform is committed to supporting intermediaries and hope that the reduction in rates on our 2-year fixed rate products will enable them to offer a comprehensive range of competitive products to their clients.”