Platform reduces mainstream mortgage rates

The new rates are:

• 2 Year fixed rates from 3.59%
• 2 Year tracker products from 2.69%

Platform has also pledged not to increase rates on any of its tracker products until The Monetary Policy Committee decides to increase the Bank Base Rate above 1%.

All the new rate mainstream mortgages come with free valuation and free legal fees for remortgages and are available via Platform's panel of intermediary partners with an arrangement fee of £855.

Lee Gladwell, director of business development at Platform, said: "This reduction in rates across our mainstream range is good news for intermediaries, as is our pledge not to increase our tracker rate until base rate reaches 1%.

"Platform is striving to develop a dedicated intermediary mortgage business that puts IFAs and consumers at the heart of our product and service proposition, enabling them to deliver a fair and personal service.”