New mortgages launched by Platform

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New mortgages launched by Platform

Mon 13th Nov 2006

Platform, the intermediary lender of Britannia, has launched two new tracker products to the mortgage market.

The Platform buy-to-let three-year tracker and self-certification two-year tracker mortgages are now available to customers and both offer 0.20 per cent reduction from Platform's core rates.

Both of the products can be purchased with a 90 per cent LTV by Platform's corporate partners who are Home of Choice, Legal & General Mortgage Club, Mortgage Intelligence, Openwork, Personal Touch, Pink Home Loans, Premier Mortgage Service and Sesame.

Paul Hunt, head of marketing at Platform, remarked: "After thorough research of the market, it was clear that buy-to-let and self-cert tracker products rather than fixed rate offerings would be far more attractive in the current market environment.

"With the cost of two and three-year fixed rate money now over 5.50 per cent, the time may now be right for bank base rate tracker products to take a larger proportion of the market, as fixed rates start to increase."

There is no higher lending charge on either the Platform buy-to-let three-year tracker or self-certification two-year tracker mortgages and a free valuation is offered.

Platform was launched in 2003 and offers intermediaries following a merger between Platform Home Loans and Verso.

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