Platform has reduced the interest on select Help to Buy mortgages.
The range from the intermediary mortgage brand of the Co-operative Bank is available up to a maximum 75% LTV and over a maximum term of 40 years for both first time buyers and homeowners.
Platform’s Help to Buy mortgages are available at either 60% or 75% LTV and are fixed for either a two or five-year term. Products either have a £999 arrangement fee with no administration fee or are fee free for borrowers.
Highlights of the changes being made today include reductions in interest rates of select two year fixed rate mortgages by up to 0.05 percentage points and reductions to interest rates of five year fixed rate mortgages by up to 0.10 percentage points.
Today’s reduction in interest rates to the HTB range have resulted in the following deals, which Platform believes are ‘best buys’:
- 09% five year fixed rate mortgage at 60% LTV with a £999 arrangement fee;
- 14% five year fixed rate mortgage at 70% LTV with a £999 arrangement fee;
- 14% five year fixed rate mortgage at 75% LTV with a £999 arrangement fee;
- 34% five year fixed rate mortgage at 60% LTV with a £0 arrangement fee;
- 39% five year fixed rate mortgage at 70% LTV with a £0 arrangement fee;
- 39% five year fixed rate mortgage at 75% LTV with a £0 arrangement fee.
All of Platform’s Help to Buy mortgages are available with £500 cashback and free mortgage valuation.
Paul Norcott, head of mortgages and insurance at The Co-operative Bank said:“At Platform we’re continuing to support the first time buyer market by reducing select interest rates within our already competitive Help to Buy range.
“We are working with more and more broker partners as they look for the best value deal for their clients looking to buy their first home and we will continue to support and service brokers looking to place a Help to Buy mortgage with Platform.”