Co-op Bank for Intermediaries cuts mortgage rates by up to 0.47%

The latest rate changes follow the rebrand of Platform to The Co-operative Bank for Intermediaries.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
18th October 2023
co-op bank
"We’ll continue to keep our range under review and offer good value deals to our broker partners"

The Co-operative Bank for Intermediaries has launched a new mortgage product range with reductions of up to 0.47% across two, three and five-year fixed rates.

Two-year fixed rates now start from 5.10% at 60% LTV, 5.63% at 85% LTV and 6.16% at 95% LTV, all with a £999 fee and £250 cashback.

Three-year fixes have reduced to 5.38% at 60% LTV, 5.98% at 85% LTV and 6.43% at 95% LTV, all with no fee and cashback of between £250 and £500.

Last month Platform, the intermediary lender of The Co-operative Bank, rebranded to become The Co-operative Bank for Intermediaries.

John Ward, director of product at The Co-operative Bank, said: “We’re pleased to be able to launch these competitive rates today to support homeowners to get the best possible deal on their mortgage, in what remains a challenging environment.

"We’ll continue to keep our range under review and offer good value deals to our broker partners, who are working hard to support their customers.”

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