A long and forgotten lender – Platform – seems to have come back into the market again in the last few days. Owned by Britannia building society, they have been effectively out of the market with their 7.49% 3 year fixed rate (ouch!). However their new 75% loan to value product has a rate of 6.29% for 3 years and an arrangement fee of £1495.

Ok, so it’s not the lowest 75% product available, but:

• You can buy up to 3 properties with them
• They have no maximum with other lenders. In other words, if you think you are maxed out with all the lenders at 75%, then think again – if the rental fits why not give them a try.

Residential Mortgages

We don’t often talk about residential mortgages, however many of you obviously own residential properties and I have been asked three times this week whether we can arrange residential mortgages.

Well just to make it clear –YES – we do advise on residential mortgages and some of the mortgage deals available on a residential basis are really very good at the moment. In fact, if you’re used to buy to let rates you will be in for a pleasant surprise.