The co-operative bank for intermediaries has cut rates on selected residential and landlord loans by up to 45 basis points.
The lender’s reductions cover:
New business
Residential
- Two-, three- and five-year fixes, down by up to 25bps
Professional mortgage
- Two- and five-year fixes, down by up to 14bps
Buy to let
- Two- and five-year fixes, down by 0.10%
Help to Buy
Welsh scheme only:
- Two- and five-year fixes, down by up to 22bps
Product Switch
Residential
- Two-, three- and five-year fixes, down by up to 45bps
BTL
- Two-, three- and five-year fixes, down by up to 40bps
Help to Buy
- Two-, three- and five-year fixes, down by up to 23bps
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.
