Platform cuts rates

Ryan Bembridge

June 11, 2018

Platform, the intermediary brand of the Co-Operative Bank, has cut rates on mortgages with 2 and 5-year terms between 60-90% loan-to-value.

Platform has cut some 2-year fixes by 0.10%, some 5-year fixes by 0.10% and some fee saver mortgages by 0.15%.

After the reductions mortgages include a 2-year fix at 2.19% to 90% LTV with no fee, as well as a fee-free 5-year fix at 2.19% to 70% LTV.

Paul Norcott, head of mortgages and insurance at The Co-operative Bank, said: “Talk of a base rate rise has subsided as we move into the summer months and we’re pleased to announce rate reductions to our already competitive Platform mortgage range for brokers looking to find the right deal for their clients, whether purchasing, remortgaging or moving home this season.”

Other 5-year fixes stand at 1.94% to 75% LTV, 2.09% to 85% LTV and 2.34% to 90% LTV, all with a £1,499 fee.

Products benefit from £250 cashback and a free standard valuation for purchase and remortgage.

Free standard legals are also available for remortgage.

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