Platform cutting rates next week
Among the range’s highlights are a 75% LTV, 2-year fixed rate at 3.09% with a £950 arrangement fee and the equivalent 5-year fixed rate priced at 3.49% with a £1,850 fee.
James Hillon, head of mortgages at the Co-operative Bank, said: “The changes we are making to our mainstream product range demonstrate the Co-operative Bank’s appetite for prime residential lending via Platform in the intermediary market. Rates are competitive across the range, offering variety for customers with a range of deposits.
“This is highlighted by the fee-free 2-year fixed rate of 4.19% available at up to 85% LTV, which comes with the incentive of a free valuation for both purchase and re-mortgage customers.”
For customers with a larger deposit opting for the security of a long term fixed deal, 5-year fixed rates are available up to 60% LTV at 3.14% with a £1,850 fee, 3.24% with a £550 fee and 3.59% fee-free.
Fixed-rate products across the range offer a free valuation for all customers, whilst re-mortgage customers also benefit from free standard legal fees.