Platform expands mainstream range

Robyn Hall

November 29, 2012

The deal comes with an £950 arrangement fee, with the equivalent product at 75% LTV priced at 2.85%.

The cash back incentive is available to both purchase and remortgage customers on 2, 3 and 5-year fixed rate products across a range of LTV bands offering customers an increased choice of features aimed at reducing the upfront costs of borrowing.

Customers with a larger deposit can benefit from a 5-year fixed rate available up to 60% LTV, with a £950 arrangement fee, priced at 3.05%. They could also consider a three year fixed rate product at 2.95% at the same LTV, also with a £950 arrangement fee.

Platform has also reduced the arrangement fee on a number of fixed rate products from £950 to £550 including a 2-year fixed rate deal with rates starting from 2.79% at 60% LTV.

James Hillon, head of mortgages at the Co-operative Bank, said: “The rate reductions and introduction of new products at Platform emphasises The Co-operative Bank’s appetite to lend mainstream products to customers via the intermediary market.

“Rates continue to be competitive across the range, offering variety for customers with a range of deposits who can benefit from a suite of additional benefits including reduced arrangement fees and cash back on certain products.”

All remortgages come with free valuation and free standard legal fees, whilst house purchases come with a free valuation.

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