Platform trims BTL rates

The 2.24% product comes with a £1,999 fee, while Platform also offers a £999 fee option at 2.44% and a fee-free option at 2.99%, all to 60% LTV.

The lender’s 60% LTV 3-year fixes stand at 2.79% with a £1,999 fee, 3.04% with a £999 fee at 3.04% and a fee-free option at 3.74%, while equivalent 5-year fixes are 3.34% with a £1,999 fee, 3.54% with a 3999 fee and 4.09% with no fee.

Stuart Beattie, head of mortgages at Platform, said: “With the continued demand we are seeing for buy-to-let mortgages, we are delighted to offer brokers these new reduced rates from our Platform mortgage range.

“Supporting brokers and growing our mortgage business is a key part of our strategy and we remain committed to offering competitive deals, providing great quality products and services, to both brokers and their clients.”

Platform is the intermediary lender of the Co-operative Bank.