The Co-operative Bank for intermediaries will cut new business rates across its residential and buy-to-let ranges by up to 42 basis points.
The lender’s reductions cover:
Residential
- Two-, three- and five-year fixed-rate deals, down by up to 42bps
Professional mortgages
- Two- and five-year fixed-rate deals, down by up to 42bps
BTL
- Two- and five-year fixed-rate deals, down by up to 30bps
Help to Buy — Welsh scheme only
- Two- and five-year fixed-rate deals, down by up to 19bps
The firm says it will launch mainstream and BTL mortgage ranges for new business on its new system and under the Co-operative Bank for intermediaries name, after its rebrand from Platform in September.
However, product switching for existing Platform customers will remain unchanged, continuing to be serviced on Platform systems.
