Co-op's Platform cuts Help to Buy mortgage rates

Platform, the intermediary mortgage brand of The Co-operative Bank, has reduced rates on selected Help to Buy mortgages.

Related topics:  Mortgages
Rozi Jones
6th July 2018
first time buyer ftb buyer young couple house
"We are working with more and more broker partners as they look for the best value deal for their clients looking to buy their first home"

Two-year fixed rates will see reductions of up to 0.05% and five-year fixed rates will drop by up to 0.10%.

New two-year fixed rate products start at 2.09% at 60% LTV, 2.14% at 70% LTV, and 2.14% at 75% LTV, all with a £999 arrangement fee.

Five-year fixed rate Help to Buy products now start at 2.34% at 60% LTV and 2.39% at 70% and 75% LTV, all fee-free.

All of Platform’s Help to Buy mortgages are available with £500 cashback and free mortgage valuation.

Paul Norcott, head of mortgages and insurance at The Co-operative Bank, said: “At Platform we’re continuing to support the first-time buyer market by reducing select interest rates within our already competitive Help to Buy range.

“We are working with more and more broker partners as they look for the best value deal for their clients looking to buy their first home and we will continue to support and service brokers looking to place a Help to Buy mortgage with Platform.”

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.