Platform is revamping its mainstream mortgage range on 3 December.
Highlights include a new two year fixed rate, 60% LTV product at 2.69% with £250 cash back and a £950 arrangement fee, with the equivalent product at 75% LTV priced at 2.85%.
The cash back incentive is available to both purchase and remortgage customers on two, three and five-year fixed rate products across a range of LTV bands.
Customers with a larger deposit can secure a five-year fixed rate available up to 60% LTV, with a £950 arrangement fee, priced at 3.05%. There is also a three year fixed rate product at 2.95% at the same LTV, also with a £950 arrangement fee.
Platform has also reduced the arrangement fee on a number of fixed rate products from £950 to £550 including a two-year fixed rate deal with rates starting from 2.79% at 60% LTV.
James Hillon, head of mortgages at the Co-operative Bank, said: “The rate reductions and introduction of new products at Platform emphasises The Co-operative Bank’s appetite to lend mainstream products to customers via the intermediary market.
“Rates continue to be competitive across the range, offering variety for customers with a range of deposits who can benefit from a suite of additional benefits including reduced arrangement fees and cash back on certain products.”
All remortgages benefit from free valuation and free standard legal fees, whilst house purchases come with a free valuation.
A summary of the range is provided below:
