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Platform sets out new range at 1%

Platform, the intermediary lender of Britannia Building Society has enhanced its product range including self-certification, buy to let and trackers.

The firm has decided not to reduce the level of introducer fees and will maintain them at 1 per cent.

The product changes include no overhanging early repayment charges on three-year Libor trackers and three-year fixed rates. These mortgages are available at Libor plus 1.5 per cent or fixed from 6.49 per cent.

The buy-to-let range is available at up to 85 per cent loan to value. The products include two, three and five-year trackers with rates starting from Bank of England base rate plus 0.74 per cent. The fixed-rate loans in the buy-to-let range are available for two, three and five years at 5.59, 5.75 and 5.49 per cent respectively.

The self-certification range is available up to 85 per cent LTV. Trackers available include one, two, three and five-year fixed rates starting from bank base rate plus 0.84 per cent. Self-cert fixed rates are available for two and three years at 5.69 and 5.79 per cent respectively. All the products are available with a 500 cashback option.

Sales and marketing director Guy Batchelor says: “We have been waiting for our main benchmarked competitors to reveal their new ranges before finalising Platform’s new products.I wanted to be sure that we had an extremely competitive range for our intermediaries to recommend to their customers while ensuring the level of fee paid to them was not eroded.”

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