This follows the introduction of fixed rates by Platform in February which it said had far exceeded expectations in terms of intermediary interest and volume.
Key features of the new range include a two-year fixed rate at 5.75 per cent, 5.99 per cent with £500 cashback; three-year fixed deal at 5.69 per cent, fixed until 1 July 2008; and a five-year fixed at 5.85 per cent, 5.99 per cent with £500 cashback.
All self-certification fixed rates have no early repayment charge overhang and are available to 85 per cent LTV.
The option of £500 cashback is across all standard self-certification Base Rate trackers and fixed rates and introducer fees remain at 0.5 per cent for all self-certification products.
Guy Batchelor, sales and marketing director at Platform, said: “Since launching self-certification fixed rates earlier this year, demand has increased phenomenally and we’ve seen our sales volumes on these products go through the roof.
With this new range, intermediaries continue to have access to some of the most competitive rates in the market and we will be continually reviewing our range to ensure that our competitive position is maintained.”
“With the launch of Platform’s online decision-in-principle facility and a more detailed review of our self-cert products and criteria in the summer, our status in this market will be even further enhanced,” Batchelor said.
John Stewart, director of PMI Independent Financial Advisers, commented: “We are still getting quite a bit of demand from clients for fixed rates as there’s still a bit of uncertainty out there about whether rates will rise again.
“These products from Platform are reasonable but the rates don’t knock me out.”
