The new product, a three-year fix, is available at 5.85 per cent up to 75 per cent LTV and includes of free valuation fees and an arrangement fee of £999 which can be added to the loan.
Full product details:
- 5.85 per cent up to 75 per cent LTV
- Free valuation
- Arrangement Fee: £999
- 110 per cent rental income
- ERC: 5 per cent fixed until 1/12/2010. Thereafter 1 per cent or 1 month’s notice
- Maximum Loan £1,000,000
Jason Berry, head of sales at Platform added: “The competitive components of this new exclusive fixed rate will ensure that London & Country’s customers will benefit from a greater degree of flexibility when building their portfolios. Platform is able to capitalise on our ten years of operational experience within the specialist sector and the unequivocal backing of our parent Britannia to adjust our offering to better suit the needs of our customers.”
