Platform mortgages introduces new seven-year fixed-rate

Date:Tuesday 29th June 2010
Author: Max Freedman

A new Platform mortgage has been released on to the market that may be of particular benefit to those who are looking for a long-term fix.

The seven-year fixed-rate deal is the latest addition to the wide range of products that are on offer from the provider.

With a rate of between 4.69 per cent for a loan-to-value (LTV) of 65 per cent, through to an 80 per cent LTV with a payback rate of 5.29 per cent, it also comes with a fee of £1,495.

For those who are looking at the product with a view to a remortgage, then they will receive a valuation and standard legal fees free of charge.

Lee Gladwell, business development director at Platform, said the long-term loan is ideal for those looking for some security.

Platform has also recently launched a product that is geared solely towards couples and comes with a rate of 3.19 per cent.