Platform details new 90% deals - Mortgage Strategy

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Platform has provided new information regarding the 90 per cent LTV deals it launched today.

The lender says that the new products, including a five-year fixed rate at 3.29 per cent, are available for both homemovers and first-time buyers, although the latter applicants will have to show that they have been in their job for at least six months.

Remortgages at 90 per cent are available, it says, but only for pound-four-pound remortgages or if repaying a legal interest, such as through a Help to Buy or Shared Ownership scheme.

Platform adds that it will consider lending for the onward purchase in a Let to Buy case, with the retained property payment factored into the affordability test.


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