Platform reduces fixed-rate mortgage | Product News - Moneyfacts

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Platform reduces fixed-rate mortgage

Platform reduces fixed-rate mortgage

Category: Buy To Let
Date: 01/05/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

A rate cut of 0.20% has boosted this two-year deal's position in the intermediary-only buy-to-let market.

The basics…

Offering a reduced rate of 3.04% to 31.7.15, this mortgage has a maximum loan-to-value of 60% and is available via selected intermediaries only.

The finer details….

A fee of £2,450 is payable either upfront or can be added to the mortgage advance.

All borrowers can take advantage of a £250 rebate and free valuation fees. Remortgage customers are also offered free legal fees.

Investors must be aware that Platform will not lend to self-employed professional property developers/landlords or in instances where an individual (and their associates) owns more than ten buy-to-let properties, including the application security.

Why we like it….

This competitive mortgage should appeal to investors with larger deposits, due to a low rate and a host of generous incentives. Four out of five Moneyfacts Stars have been awarded.

What next?

Speak to a BTL mortgage adviser
Compare 2 year fixed BTL mortgages
Compare BTL mortgages for new landlords

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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