The launch includes reductions on two- and five-year fixed rates of up to 0.34%
Platform, the intermediary mortgage lender of The Co-operative Bank, announced its latest product range launched on Monday, February 20.
The launch includes reductions on two- and five-year fixed rates of up to 0.34 percentage points and the introduction of a no-fee two-year tracker product with an early repayment charge structure of 0.20% in the first and second year.
The new range includes the following products:
- Five-year fixed rate of 3.75% at 60% loan-to-value (LTV) with a £1,999 fee and £250 cashback available
- Five-year fixed rate of 3.85% at 60% LTV with a £1,499 fee and £250 cashback available
- Five-year fixed rate of 4.15% at 80% LTV with £1,499 fee and £250 cashback available
- Two-year fixed rate of 4.62% at 85% LTV with a £999 fee and £250 cashback available
- Two-year fixed rate of 5.14% at 90% LTV with a £0 fee and £250 cashback available
Full details of Platform’s mortgage products are available online through its intermediary website.
“We have been carefully reviewing our range of on sale mortgages since the start of 2023, and we are keen to support homeowners to get the best possible deal on their mortgage, which is why we’ve announced competitive changes to our range,” Darrell Evans (pictured), chief commercial officer at The Co-operative Bank, said.
“The rising base rate environment remains a challenge for the mortgage market, and as a lender, we need to balance what we’re offering with the movements made centrally. We’ll continue to keep our range in review and offer good value deals to our broker partners who are working hard to support their customers.”
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