Platform starts offering Help to Buy products
Platform has launched a range of Help to Buy products at 80% and 95% loan-to-value including the government’s 20% equity loan.
The products are a 5-year fix with a rate of 2.34% to 80% LTV with no fee, and a 95% LTV 5-year fix with a £999 fee.
Also available is a 2-year fix at 1.54% to 95% LTV with a £999 fee.
Paul Norcott, head of mortgages and insurance at The Co-operative Bank, said: “We’re pleased to be introducing Help to Buy mortgage products to our competitive range of intermediary mortgages.
“We’re focused on growing our business and continually review the products that we’re offering to ensure we’re listing the kinds of products that clients are looking for from brokers and that we’re helping them meet the demand of their customers; especially those who are wanting to make their initial step onto the property ladder and buy their first home.
“We’re looking forward to working with our broker partners to deliver this new product and our team will be on hand to support brokers who have any questions and need any further details.”
Craig Hall, new build manager at Legal & General Mortgage Club, said: “This is a positive step into the new build market from Platform by entering the Help to Buy scheme and shows their commitment to helping first-time buyers onto the property ladder.
“It is also pleasing to see Platform are supporting the schemes in England, London and Wales from launch. These competitive products will provide even greater choice to intermediaries and their customers.”