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Platform cuts rates by up to 0.23%

Jake Carter

August 20, 2021

cut rates rate

Platform, the intermediary mortgage brand of The Co-operative Bank, has made a number of reductions on select mortgage rates by up to 0.23% that will be available from 23 August 2021.

Notable reduced products include the 60% loan-to-value (LTV) 2-year fix at 0.89%, and the 60% LTV 5-year fix at 1.04%, both include a £999 fee and £250 cashback.

The 90% LTV 5-year fix is now 2.79% and the 95% LTV 5-year fix is 3.46%, both deals include £250 cashback, with the former also having a £999 fee.

Fred Sharp, director of mortgage distribution at The Co-operative Bank said: “We will continue to review the interest rates we’re offering to borrowers to ensure we’re offering competitive deals across all LTV mortgage options and fixed year lending terms.

“We’re committed to look at how we can support a variety of buyer profiles to find their next right move in the housing market, whether that’s their first step on to the ladder or taking a step up.

“We’re working closely with our broker partners to ensure we’re covering a broad range of lending needs with our good value mortgage options.”


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