Platform has unveiled a new mainstream mortgage range, which it claims shows its commitment to the residential mortgage market and the intermediary sector.
The new range is launched tomorrow (4 January) and highlights include a five year, 60% LTV, fixed rate at 2.99% with a £950 arrangement fee and a fee free, 60% LTV two year fix at 2.95%.
Also on offer are a number of products which come with a £250 cashback bonus including a two year fixed rate, 65% LTV, product at 2.62% with a £950 arrangement fee.
Meanwhile the lender is also offering a fee free two-year fix priced at 4.11%, aimed at first-time buyers.
“We hope that the new residential mortgage range will help homeowners, and those looking to make their first steps onto the housing ladder, in 2013,” said James Hillon, head of mortgages at the Co-operative Bank.
“January is a great time for people to assess their finances for the year ahead and many people can save money simply by switching their mortgage to a new product.
“This is a further commitment from Platform to the intermediary sector and mainstream mortgage market in 2013, where we will continue to develop a range of products that enable brokers to meet the needs of their customers.”
All remortgages comes with a free valuation and free standard legal fees, whilst house purchases come with a free valuation.
A summary of the range is provided below:
| Mainstream – Fixed Rate | ||||||
| 60% LTV | 70% LTV | 75% LTV | 80% LTV | 85% LTV | Arrangement Fee | |
| 2 year fixed | 2.62% | 2.75% | 2.95% | 3.44% | n/a | £550 |
| 2 year fixed | 2.95% | 3.05% | 3.49% | 3.89% | 4.11% | £0 |
| 3 year fixed | 2.79% | 1.87% | 3.01% | 3.69% | n/a | £950 |
| 3 year fixed | 3.18% | 3.19% | 3.69% | 3.99% | 4.45% | £0 |
| 5 year fixed | 2.99% | 3.05% | 3.27% | 3.79% | n/a | £950 |
| 5 year fixed | 3.09% | 3.15% | 3.37% | 3.89% | n/a | £550 |
| 5 year fixed | 3.25% | 3.35% | 3.87% | 4.19% | 4.79% | £0 |
| Mainstream – Fixed Rate Cash back | |||||
| LTV | |||||
| 65% | 75% | Cashback | Arrangement fee | House purchase/ Remortgage | |
| 2 year fixed | 2.62% | 2.85% | £250 | £950 | Remortgage / Purchase |
| 3 year fixed | 2.89% | 3.05% | £250 | £950 | Remortgage / Purchase |
| 5 year fixed | 3.04% | 3.30% | £250 | £950 | Remortgage / Purchase |
| Mainstream – Tracker | ||||||
| 60% LTV | 70% LTV | 75% LTV | 80% LTV | 85% LTV | Arrangement Fee | |
| 2 year tracker | 2.74% | 2.84% | 3.14% | 3.44% | n/a | £950 |
| 2 year tracker | 3.14% | 3.24% | 3.44% | 3.84% | 4.14% | £0
|