Platform temporarily pulls BTL products amid range refresh | Mortgage Strategy

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Platform is making changes to its product range, including the temporary withdrawal of all buy-to-let products.

The intermediary arm of The Co-operative Bank is also temporarily withdrawing its mainstream two-year fix from 60 per cent to 85 per cent LTV with a £999 fee.

The lender is reintroducing several five-year fixes with increased fees in it’s mainstream range; these are a 90 per cent LTV deal with a fee of £1,499, a 60 per cent LTV deal with a £1,499 fee and a 60 to 85 per cent LTV product with no fees.

Further five-year fixes will also be available, with increased rates. These include a deal at 60 to 80 per cent LTV with a fee of £999.

Rates will increase by up to 0.14 per cent on Platform’s five-year fixed rate Help to Buy products at 60 per cent to 75 per cent LTV with a £999 fee.

For product switches, the only changes are new product codes, but one Help to Buy product – a two-year fix with a £499 fee at 60 to 75 per cent LTV – is being temporarily withdrawn.

Rates on three and five-year fixed Help to Buy products at 60 to 75 per cent LTV have increased by up to 0.14 per cent.

Withdrawn products will be removed from Platform’s website and sourcing systems as of 5pm today, Friday 14 August and new products will be available from Monday 17 August.


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