Platform is a significant player in the intermediary mortgage market, having won many industry awards and is committed to helping boost the market with competitive and innovative lending deals.
The new Buy to Let Term tracker available from 12th January is being offered at a rate of 4.99% and is available up to 70% for both purchase and re mortgage. It has no early repayment charges and comes with a £2,495 fee which is added to the loan. Re mortgage customers can benefit from a free valuation and free standard legal fees.
Commenting on the new deal, Martyn Smith, Head of Mortgage Products for Legal & General Mortgage Club said:
"This is really good news from Platform and great news for mortgage intermediaries. The market needs a return of confidence and the buy to let market has significant opportunities and growth potential for 2011. We are therefore delighted to offer this new buy to let exclusive to our members."
Lee Gladwell, Business Development Director at Platform said:
"This year, we plan to grow our presence in the intermediary market including an increase in our buy to let business. This is because brokers have been telling us of the increased interest they're seeing from cash-rich investors keen to move money form cash savings into property as demand for rental property grows."
