Platform has reduced rates on all mainstream mortgages of two and five year fixed terms at 60-90% LTV (with fees) for new and switching customers.
All mainstream two year fixed rate mortgages with fees at 60-90% LTV are being reduced by up to 0.20 percentage points.
In addition, all mainstream five year fixed rate mortgages with fees at 60-90 LTV are being reduced by up to 0.10 percentage points.
Meanwhile, mainstream two year and five year fixed rate fee-savermortgages with at 90% LTV are being reduced by up to 0.15 percentage points
The mainstream new business product range offered by Platform now includes the following:
- Five year fixed rate at 75% LTV at.1.94% with a £1,499 fee;
- Five year fixed rate at 85% LTV at 2.09% with a £1,499 fee;
- Five year fixed rate at 90% LTV at 2.34% with a £1,499 fee;
- Five year fixed rate at 70% LTV at 2.19% with a £0 fee;
- Two year fixed rate at 90% LTV at 2.19% with a £0 fee.
All come with £250 cashback and a free standard valuation for purchase and remortgage.Free standard legals are also available for remortgage.
Paul Norcott, head of mortgages and insurance at The Co-operative Bank, said: “Talk of a base rate rise has subsided as we move into the summer months and we’re pleased to announce rate reductions to our already competitive Platform mortgage range for brokers looking to find the right deal for their clients, whether purchasing, remortgaging or moving home this season.”