Platform release 1% Buy to Let mortgage rate

Oct 1, 2021

Platform, which is part of the Co-operative Bank, has released a Buy to Let 2-year fixed rate at just 1%. This is a historically low rate of interest for unregulated lending, the product is part of their premier range which has more stringent entry requirements such as a minimum income of £60,000 for the household and a minimum loan amount of £350,000.

This means that only a small portion of landlords will be eligible for the product, however, this shouldn’t undermine what is still a really disruptive rate in the market. Buy to let rates have been on the decrease for a year or so now and it’s going to be really interesting to see what the likes of TMW and BM Solutions do with their rates.

If you’re a landlord and your mortgage product is due to expire in the next 6 months then you may well have timed it perfectly! Get in touch and we’ll get it sorted for you.

Steven Morris – Advising Director

CeMAP CeRER

Steve loves a complex mortgage. Most recently he has used his technical geekery to work his way up through Which? Mortgage Advisers, progressing to Senior Adviser and then Onboarding Manager. There, he was responsible for hiring, training and managing new advisers.

He also ran the monthly new starter inductions and wrote and maintained the telephony advice standards of the company. Outside of work Steve can be found coaching and being run ragged by his local under 10’s rugby team, Bristol Harlequins RFC.

Meet the rest of the Advantage Team

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