Platform brings out new three-year deals, cuts rates | Mortgage Strategy

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Platform, the intermediary brand of The Co-operative Bank, has launched a set of three-year fixes while adjusting rates across its mainstream, professional, and buy-to-let ranges.

The new three-year fixes belong to the mainstream range and consist of an 80 per cent LTV product at 2.65 per cent, an 85 per cent LTV product at 3.14 per cent, and a 90 per cent LTV product at 3.72 per cent.

Each charge zero product fee and comes with £1,000 cashback.

Elsewhere in the mainstream suite of products, two- and five-year fixed rate offerings are 80 per cent LTV and 90 per cent LTV have seen reductions of up to 32 basis points.

At the same time, two- and five-year fixed rate products at 70 per cent LTV and 75 per cent LTV have been increased by up to 26 basis points.

In the professional mortgage range 25 basis point cuts feature across two- and five-year fixed rate products, while in the BTL range, Platform has enacted cuts of up to 42 basis points across 65 per cent LTV and 75 per cent LTV two- and five-year fixed rate offerings.

Co-operative Bank director of retail lending Carolyne Gregory says: “The mortgage market in the UK remains in high demand and we’re continuing to review our product options and interest rates to ensure that we remain competitive, whilst also offering a variety of options for fixed terms, range of fees, and while also maintaining our generous cashback offers.”


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