The rate for the Platform two-year fixed is 5.59 per cent; the three-year is fixed at 5.75 per cent and the five-year is 5.49 per cent.
The range of Base Rate trackers starts with a two-year product at BBR plus 0.85 per cent (5.60 per cent); three-year at BBR plus 0.74 per cent (5.49 per cent); five-year at BBR plus 0.90 per cent (5.65 per cent) and full term at BBR plus 0.99 per cent (5.74 per cent)
The CML recently ranked Platform as the tenth largest buy-to-let lender in terms of gross new advances in its annual table.
Guy Batchelor, sales and marketing director at Platform, said: “Achieving such a position in the market after only two years of offering buy-to-let products is an incredible achievement. Over the course of 2005, we will be reviewing our buy-to-let products and criteria and will also be launching an online DIP facility in the summer, all of which will further enhance our status in this market.”
UCB Home Loans has released a buy-to-let two-year tracker available at Base Rate plus 0.84 per cent (5.59 per cent). There is also a buy-to-let two-year flexible ERC-free tracker at Base Rate plus 1.64 per cent giving a rate of 6.39 per cent, replacing the previous ERC-free tracker at Base Rate plus 1.75 per cent.
Charles Reed, managing director of UCB Home Loans, said: “The range of tracker products gives buy-to-let customers more choice when making a decision on which mortgage to choose. The products have been designed in such a way that they allow customers to set their own priorities regarding the interest rate and level of flexible features available with the mortgage,”
