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Platform to remove products due to high demand

Platform has withdrawn a number of buy-to-let products due to high demand.

It will remove its one, two and four-year fixes, which will not be replaced. Platform is also removing a variety of one and two-year trackers.

The products will be pulled from the range on Monday. However, the lender will introduce a selection of two-year fixed rate buy-to-let products, starting from 4.39 per cent, and a variety of two-year trackers.

The new products will be available from Tuesday.

The lender, which is a subsidiary of Co-operative Financial Services, is keeping a number of two-year fixed rate buy-to-let products, which begin from 4.39 per cent, and a number of variations on two-year trackers, starting from 3.69 per cent.

Platform is also keeping a selection of four-year fixed rate products, from 4.39 per cent, a number of two-year trackers, from 2.49 per cent.

A Platform spokesman says: “Our new range has been more popular than we expected and we have seen very high demand.

“As an intermediary specialist, we understand the need to support intermediaries and help give them a fast and reliable service to their clients. We have therefore withdrawn some products to enable us to manage and maintain our service standards. We will be relaunching new products shortly.”

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