Lowest ever intermediary fix launched

Platform has launched the lowest ever two-year fixed-rate at 90% LTV for intermediaries.

The two-year deal is for house purchases and charges 2.24% with a £1,499 arrangement fee.

Platform, the intermediary lender of The Co-operative Bank, has also launched further 90% LTV mortgages.  

Its range includes mortgage rates with a choice of either zero fees, or arrangement fees of £999 or £1,499.

It also offers cashback of £250.

Mortgage highlights:

Two-year fixed rates at 90% from 2.24% with a £1,499 fee.

Three-year fixed rates at 90% from 1.99% with a £999 fee.

Five-year fixed rates at 90% from 2.44% with a £1,499 fee.

Two-year tracker rates at 90% from 1.44% with a £999 fee.

Stuart Beattie, head of mortgages at Platform, said: “As we come to the end of 2015 we are delighted to have continued to offer competitive rates all-year round and look forward to an exciting 2016 for intermediaries.”

Charlotte Nelson from Moneyfacts.co.uk confirmed that the 2.24% deal is the lowest two-year fixed rate intermediary mortgage at 90% LTV on record.

Platform's mortgage deals come with a free standard valuation for remortgages and purchasers, plus free legals for remortgages, a £250 cashback is also available on selected products.