Platform makes more mortgage rate cuts

Monday, 16 November 2009 12:00

Platform has slashed interest rates on a selection of its fixed rate and tracker deals for the second time in two months.

The intermediary mortgage specialist has also launched new two and three-year fixed-rate Buy-to-Let mortgages with rates starting at 5.19 per cent and 5.79 per cent respectively.

However, it has pulled its five-year fixed-rate mortgage from the market.

Lee Gladwell, director of sale and propositions at Platform, said: "This reduction in rates across our mainstream range is good news for intermediaries with the introduction of more competitive products."

Following the rate cuts a three-year fixed-rate loan is now available from 4.59 per cent. Platform's two-year tracker now offers rates starting at 2.89 per cent and its three-year tracker charges from 2.99 per cent.

Platform was launched following the merger between The Co-operative and Britannia Building Society.

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