Platform has made a series of cuts of up to 23 basis points across its residential range.
These include:
- The 60% LTV two-year fix being cut from 1.05% to 0.89%
- The 60% LTV five-year fix being reduced from 1.19% to 1.04%
- The 90% LTV five-year fix going from 2.84% to 2.79%.
All of the mortgages above charge a £999 fee and come with £250 cashback.
Additionally, Platform has decreased its 95% LTV five-year fix with zero fee and £250 cashback from 3.59% to 3.46%.
The lender notes that the changes will come into action on Monday 23 August.
Co-operative Bank director of mortgage distribution Fred Sharp says: “We will continue to review the interest rates we’re offering to borrowers to ensure we’re offering competitive deals across all LTV mortgage options and fixed year lending terms.
“We’re committed to look at how we can support a variety of buyer profiles to find their next right move in the housing market, whether that’s their first step on to the ladder or taking a step up.
“We’re working closely with our broker partners to ensure we’re covering a broad range of lending needs with our good value mortgage options.”
