Platform is to offer a range of Help to Buy mortgages to broker partners from Monday, 9 April.
The intermediary mortgage brand of The Co-operative Bank will introduce a Help to Buy range 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.
Rates will include the following:
- 2.34% five year fixed rate at 60% LTV with £0 fee.
- 1.54% two year fixed rate at 75% LTV with a £999 arrangement fee
- 2.14% five year fixed rate mortgage at 75% LTV with a £999 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: “We’re pleased to be introducing Help to Buy mortgage products to our competitive range of intermediary mortgages. We’re focused on growing our business and continually review the products that we’re offering to ensure we’re listing the kinds of products that clients are looking for from brokers and that we’re helping them meet the demand of their customers; especially those who are wanting to make their initial step onto the property ladder and buy their first home.
“We’re looking forward to working with our broker partners to deliver this new product and our team will be on hand to support brokers who have any questions and need any further details.”