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This week, Platform made headlines by offering a market-leading two-year rate priced at just 0.95% (3.9% APRC), fixed until 31 August 2023 before reverting to 4.34% variable for term. This deal is available at up to 60% loan-to-value (LTV) and charges £1,499 in product fees, and it has incentives of free valuation and £250 cashback, as well as free legal fees.
Platform also boasts the lowest three-year rate currently available, priced at 1.18% (3.7% APRC) until 31 August 2024 and reverting to 4.34% variable thereafter. All other features mirror that of the two-year offer. And it’s a Platform whitewash with it offering the market-leading five-year fixed rate too, priced at 1.18% (3.2% APRC) until 31 August 2026 with the same revert rate, fee and incentives as its shorter-term deals.
Buy-to-let ratings survey: Lenders of rank
This year’s first buy-to-let lender survey rates those still making things happen in these difficult times. Natalie Thomas reports
By Natalie Thomas 14
Panel:
Ying Tan, founder and chief executive, Dynamo for Intermediaries
Matt Hardman, director, The Buy to Let Broker
Aaron Strutt, product and communications manager, Trinity Financial
Matthew Hillyer, associate director, Largemortgageloans.com
Liz Syms, chief executive officer, Connect Mortgages
David Hollingworth, associate director of communications, London & Country
Pete Mugleston, managing director, Online Mortgage Advisor
Jonathan Clark, mortgage partner, Chadney Bulgin
Greg Cunnington, director of lender relationships and new homes, Alexander Hall
11
th March 2021 4:01 pm
NatWest Intermediary Solutions is trimming a large number of deals for new customers tomorrow as well as improving some cashback incentives.
The biggest reductions are in its buy-to-let range, with some rates falling by 13 basis points.
The lender is also launching two new high loan-to-value deals:
Two-year fixed rate for purchase at 85 per cent LTV, 2.83 per cent, product fee £0, cashback £250
Two-year fixed rate for purchase at 90 per cent LTV, 3.43 per cent, product fee £0, cashback £250
The following buy-to-let rates are dropping:
Two-year fixed rate for purchase at 70 per cent LTV, decreasing by 13bps from 1.98 per cent to 1.85 per cent, product fee £995