The deal from the intermediary mortgage lender of The Co-operative Bank is available on loans up to 60% LTV and has an arrangement fee of £999. It comes with a range of features offered on the majority of Platform’s products, including a £250 cashback, free standard valuation for remortgagers and purchasers, plus free legals for remortgagers.
Other changes across Platform’s range include:
- 5 year fixed rate for loans up to 80% LTV reduced by 0.40% to 3.19% (from 3.59%).
- Residential 3 year fixes now start from 2.09% for loans up to 60% LTV (reduced from 2.19%)
- Residential 5 year fixes now start from 2.49% for loans up to 60% LTV (reduced from 2.59%)
- Further reductions across 2 year fixes on rates up to 85% LTV.
Stuart Beattie, Head of Mortgages at Platform, said:
“We started the year with Platform’s lowest ever 2 year fixed rate, and now we’ve made our lowest rate even lower. We are committed to keeping a constant eye on the market to ensure we continue to offer a great choice of competitive products to brokers and their clients.”
