Platform improves mortgage deals

Wednesday, 03 February 2010 12:00

Platform has reduced interest rates on two-year fixed-rate and tracker mortgages.

The intermediary mortgage specialist, part of the Co-operative Bank, now offers two-year fixed-rate deals from 3.59 per cent.

And its two -year tracker mortgages have rates beginning at 2.69 per cent.

As an added incentive, Platform has also announced it will not increase the rates on tracker mortgages until the Bank of England moves the base rate above one per cent.

Lee Gladwell, director of business at Platform, said: "This reduction in rates across our mainstream range is good news for intermediaries, as is our pledge not to increase our tracker rate until base rate reaches one per cent."

The newly-priced mortgages are available exclusively through specific appointed representatives.

The deals have an arrangement fee of £855 and come with free valuation and free legal fees for remortgages.

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