According to the lender, new Help to Buy rates include two-year fixed rates from 1.59% with a £999 fee or 2.04% fee-free. Five-year fixed rates start at 1.99% with a £999 fee or 2.19% fee-free. All Help to Buy mortgages from Platform come with £500 cashback and a free standard valuation.
Platform has also reduced rates for existing customers looking to product switch, with two-year fixed rates starting from 1.69% up to 70% LTV and 2.04% up to 90% LTV, both with no fee. A three-year fixed rate has been reduced to 2.04% at 80% LTV with no fee and a five-year fix at 80% LTV is on offer at 1.99% with a £749 fee.
Neil Wyatt, head of mortgage distribution for Platform, said: “We continue to review the interest rates we offer across our range of mortgages to ensure we’re offering competitive deals for broker clients looking for the right mortgage for their needs and we remain committed to having a competitive range of mortgages for first-time buyers looking to get on to the property ladder and are pleased to be offering a number of best in market Help to Buy mortgage deals.
We have always had a policy of offering preferential rates for our existing customers and this price change means we now have a number of deals that are best in market for our existing customers to benefit from. We want customers to pick a competitive deal from us and know that they will still be offered a great deal when they’re looking to switch their mortgage. We do value our loyal customers and want work with our broker partners to keep their clients’ business for the long term.”
