Mortgage lenders offering purchase and remortgage rates starting from 1.09%

by Aaron Strutt

Dec 07 2020

Mortgage lenders are reducing the price of their cheapest purchase and remortgage fixed rates. 

Platform is part of The Co-operative Group, and it is topping the best buy tables with some extremely cheap deals. The banks lowest mortgage rate is as low as 1.09% with a 3.9% ARPC, and it is fixed until 31 March 2023 and applicants will need a 40% deposit to qualify.

Platfrom is a broker-only lender and its longer-term option also provides excellent value for money with a 1.29% rate which is fixed until 31 March 2026. The APRC is 3.3%.

Both rates have a £1,499 arrangement fees, they are available for larger loans and revert onto the lenders 4.34% standard variable rate. Platform also provides a free property valuation and an option of cashback.

Aaron Strutt, product director at Trinity Financial, says: “If you are planning to remortgage your property and release some of the equity, the lenders will accept a range of reasons to use the funds. These typically include debt consolidation, paying school fees, a deposit for second home purchases because of separations or divorces the most common reason switching to cheaper rates.”

Platform is one of a limited number of lenders potentially accepting borrowers with one missed mortgage payment, proving the application passes the initial check and they have a satisfactory
explanation for missing the payment.  

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation