Fancy locking into a 0.79% fixed rate mortgage?
Platform, the broker-only brand of The Co-operative Bank, has introduced a 0.79% fixed rate residential mortgage.
The rate is likely to be the (latest) cheapest ever fix and undercuts the other big lenders offering great deals.
At least 12 banks and building societies offer sub-1% rates, but they are not as competitively priced as Platform's latest fix. It is even better than Barclays incredibly low 0.86% deal which is still available for mortgages up to £2 million if you have a 40% deposit.
Platform's 0.79% mortgage is locked in until 31 December 2023, and it is available for property purchases and remortgages. It has a £1,499 arrangement fee, and applicants will need a 40% deposit to qualify. After the fixed-rate, the mortgage reverts to the lenders 4.34% standard variable rate, and the APRC is 3.8%.
Aaron Strutt, product director at Trinity Financial, says: "It is quite unbelievable there are so many cheap mortgages available at the moment. There are two, three and five-year fixes available well below 1%, and first-time buyer rates are getting better all the time. If you are looking for a more flexible product without tie-ins, our brokers are arranging some great mortgages."
Call Trinity Financial on 020 7016 0790 to secure a best buy mortgage or book a consultation