L&G, Platform launch buy-to-let mortgage

Platform, the intermediary lender of Britannia, is launching a new fixed-rate buy-to-let mortgage with Legal & General (L&G).

The package is available at a rate of 5.99 per cent up to 85 per cent loan-to-value, with a 1.5 per cent arrangement fee.

Required rental cover for the product is calculated at 110 per cent of the initial pay rate and early repayment charges of five per cent apply for the first three years.

No higher lending charges apply to the new offer, valuation is free and no legal fees are payable on remortgages.

Paul Isaacs, corporate relationship manager at Platform, said: "We are delighted to be working in partnership with Legal & General once again to bring this exclusive product to market.

"We are confident that the competitive attributes of this new product together with the added security of a fixed-rate offering will prove extremely popular with their database of intermediaries."

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