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 | 27/08/2010 | Platform make changes to BTL product range ......
Platform make changes to their BTL product range, the summary of changes are as follows:
- Buy to Let rates reduced on 2 & 3 yr fixes
- LTV increased to 70% on purchases
- Portability on all products
- Not available in Northern Ireland
Not available to first time buyers
- Applicants must be an owner occupier
Maximum portfolio size £1m total lending (maximum 3 properties - maximum £500k per property)
- Administration fee is non-refundable
Arrangement fee must be added to the loan
- Reversionary rate - 5.00% (BBR*+ 4.50%)
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All remortgages maximum LTV - 70%
Furthermore they have reduced the reversionary rate floor to 0.5% on all BBR & Libor linked products
To view the updated matrix Click Here
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