Platform release 1% Buy to Let mortgage rate

01 Oct, 2021
Platform release 1% Buy to Let mortgage rate

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.

Tom Collier Profile Image
Tom Collier - Advising Director
DipFA CeMAP FSRE

Tom is a qualified financial planner with 15 years’ experience in the financial services industry, the majority of his career to date has been spent helping his clients with their mortgages.As our resident life insurance expert, he’s always been very enthusiastic about what is, let’s face it, a rather dull subject. Tom has assisted one of the UK’s top insurers in developing and launching a new life insurance product into the broker market. He’s also very interested in the later life mortgage market and works closely with several lenders in this space, helping them develop their offering.Tom is fully fledged petrolhead, you can usually find him tinkering with an engine somewhere in his spare time.

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