Platform gives FTBs a boost with rate cuts on 95% LTV range

The Co-op's intermediary arm, Platform, has today announced a reduction in rates on all 95% LTV mortgages.

Related topics:  Mortgages
Amy Loddington
18th January 2019
mortgage house first time buyer first-time ftb

The 95% LTV mortgage range from Platform includes a two-year fix at 3.19% and a five-year fix at 3.54% - both of which have a £0 fee.

The full range of 95% LTV mortgages come with £500 cashback and a free standard valuation for purchases. 

Platform have also reduced rates on a selection of its 60% and 90% LTV products by up to 0.10%, including a two-year fix at 90% for 2.14%, which also comes with no fee. These products come with a £250 cashback offer and free standard valuation for purchase and remortgage.

Paul Norcott, Head of Mortgages and Insurance at The Co-operative Bank said:

“We’re pleased to be continuing to offer competitive rates in our highest LTV mortgage products which will continue to benefit first time buyers who often struggle to raise the deposit needed to purchase their first home.

“We introduced new product ranges in 2018 which were in support of first time buyers and this year we want to continue to offer good deals to our broker partners who are working with clients who want to take their first step on to the property ladder.”

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