Co-Op's Platform cuts two and five year fixed rates

Platform, the intermediary mortgage brand of The Co-operative Bank, has reduced select two and five year fixed rate mortgage interest rates for new and existing customers by up to 0.10%.

Related topics:  Mortgages
Rozi Jones
29th August 2017
calculator rates mortgage house graph
"At a time of high levels of mortgage maturities we’re reducing our mainstream rates to offer competitive remortgage deals for our brokers’ clients."

New rates include a two-year fix at 60% LTV, which is now available at 1.59% with no arrangement fee.

Also on offer is a 2.04% five-year fixed rate mortgage at 60% LTV with no arrangement fee.

Five year fixed rate mortgage rates have been reduced across all fee options for 60, 70 and 75% LTV, with rates starting at 1.69% with a £1,499 arrangement fee.

Paul Norcott, head of mortgages and insurance, said: “At a time of high levels of mortgage maturities we’re reducing our mainstream rates to offer competitive remortgage deals for our brokers’ clients. With fewer upfront costs across our mainstream range, as well as cashback on all fixed rate deals, remortgaging to reduce monthly repayments makes sense.”

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