Platform cuts fixed and tracker rates

Platform has reduced rates on several fixed and tracker deals for the second time in two months.

It has brought in a three-year fixed rates at 4.59%, a two-year tracker from 2.89% and a three-year tracker product from 2.99%.

Platform has also launched a two-year fixed rate buy-to-let product with rates from 5.19% and a three-year fixed rate buy-to-let deal with rates from 5.79%. It has withdrawn its five-year fixed rate.

All mainstream rates come with free valuation and free legal fees for remortgages and are available via Platform's panel of intermediary partners with a reduced application fee of £855.

Lee Gladwell, director of sale & propositions at Platform, said: "This reduction in rates across our mainstream range is good news for intermediaries with the introduction of more competitive products. Platform is striving to develop a dedicated intermediary mortgage business that puts independent financial advisers at the heart of our product and service proposition, enabling them to deliver an enhanced service to their clients."