The rate reduction consists of both the standard BTL range and the ‘Premier Buy to Let’ range which was launched last month by the Co-operative Bank’s dedicated intermediary mortgage lender, Platform.
The rate reductions come just a month after Platform committed to significantly increasing its lending in the buy to let market in 2012 as part of its continued broker support.
The products available are up to a maximum LTV of 75% (standard) and 65% (Premier) and also includes products available on a Let to Buy basis, which are available to customers who are purchasing a new residential property who do not want to sell their existing property.
Nick Allen, Product Marketing Manager, at Platform said:
“Buy to let lending continues to remain buoyant with demand for rental properties remaining high.
“Platform is committed to supporting intermediaries and hope that the reduction in rates on our 2 year fixed rate products will enable them to offer a comprehensive range of competitive products to their clients.”
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