Platform hopes to develop its buy to let mortgage presence

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Platform hopes to develop its buy to let mortgage presence

The buy to let mortgage sector is an area targeted for growth in 2011 by Platform, the Co-operative Bank's intermediary lender, it has emerged.

Lee Gladwell, business development manager at Platform, explained that the firm's brokers have been telling the organisation there are several cash-rich investors in the market keen to put their money in property.

He noted that such individuals will make the buy to let industry a key area for 2011 and the company hopes to expand its sales in the category.

His comments were made after Platform unveiled a selection of new fixed rate and tracker mortgage deals, with terms varying from one to four years and different fee arrangements also on offer.

Mr Gladwell added: "This year, we plan to further grow our presence through the broker channel and these new products are a sign of our confidence in the intermediary channel."

This week, the National Landlords Association's tenancy referencing facility NLA Tenant Check revealed it will not raise the cost of its services.

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