Platform is launching a new product range on Monday 20 February.
The launch includes reductions on two and five-year fixed rates of up to 0.34 percentage points and the introduction of a no fee two-year tracker product (ERC structure 0.20% in year 1 and 2).
Highlights of the new range include:
- Five-year fixed rate at 3.75% at 60% LTV with a £1,999 fee and £250 cashback available (minimum loan size £400,000)
- Five-year fixed rate at 3.85% at 60% LTV with a £1,499 fee and £250 cashback available
- Five-year fixed rate at 4.15% at 80% LTV with £1,499 fee and £250 cashback available
- Two-year fixed rate at 4.62% at 85% LTV with a £999 fee and £250 cashback available
- Two-year fixed rate at 5.14% at 90% LTV with a £0 fee and £250 cashback available
Darrell Evans, chief commercial officer at the Co-operative Bank, Platform’s parent, said: “We have been carefully reviewing our range of on sale mortgages since the start of 2023 and we are keen to support homeowners to get the best possible deal on their mortgage which is why we’ve announced competitive changes to our range that will launch on Monday.
“The rising Base Rate environment remains a challenge for the mortgage market and as a lender we need to balance what we’re offering with the movements made centrally. We’ll continue to keep our range in review and offer good value deals to our broker partners who are working hard to support their customers.”