Platform enhances mortgage range
Alongside the rate cuts, the Co-operative Bank’s dedicated intermediary mortgage lender has also launched buy-to-let 75% LTV products.
Buy-to-let trackers are available at Bank Base Rate +4.49% up to 70% LTV with an £89 administration fee and £2,450 arrangement fee.
Mainstream 2-year and 4-year trackers are available at BBR +2.69% and +2.99% respectively up to 70% LTV with an administration fee of £89 and £950 arrangement fee.
Semi exclusive 2-year fixed rate buy-to-let products are available at up to 60%, 65% and 70% LTV at rates of 4.59%, 4.99% and 5.19% respectively all with £950 arrangement fees.
Lee Gladwell, business development director at Platform, said: “Platform is committed to providing brokers with a competitive range of products for them to offer to clients and the reduction in rates across the range, alongside decreased fees demonstrates this.
“We really do try to act on broker feedback where possible and at our recent Platform Live Events, brokers told us that they would like us to consider some changes to our fees and we have acted on this and reduced many across the range for them.”