Platform cuts buy-to-let rates

Platform has today reduced the rates on its range of two-year fixed rate buy-to-let products by 20 basis points.

The rate reduction consists of both the standard buy-to-let range and the ‘Premier Buy-to-let’ range.

The rate reductions come a month after Platform committed to significantly increasing its lending in the buy-to-let market in 2012 as part of its continued broker support.

The products available are up to a maximum LTV of 75% (standard) and 65% (Premier) and also includes products available on a Let to Buy basis, which are available to customers who are purchasing a new residential property who do not want to sell their existing property.

All 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.