Important Cookie Information
(this message will appear only once)

To give you the best possible experience, this site uses cookies and by continuing to use the site you agree that we can save them on your device. Cookies are small text files which are placed on your computer and which remember your preferences/some details of your visit. Our cookies don’t collect personal information. For more information, please read our updated privacy and cookie policy, which also explains how to disable cookies if you wish to.

 
New Business Mainstream criteria

For Intermediary use only

Existing customer? Click here.

 

To help make our New Business Mainstream criteria quicker for you to reference and easier to understand we have put all of the key points in one place. This has been split up into handy sections which can be viewed using the quick links below.

 

Product details >

Loan details >

Applicant details >

Fee details >

 

Alternatively, to view our New Business Mainstream products click on the links below.

 

View our New Business Mainstream products >

 

 

Product details

 

Bullet pointAll products are portable

Bullet pointAdministration fee is payable upfront and non-refundable

Bullet pointReversionary rate:

        All New Business mainstream products revert to Platform's Standard Variable Rate currently 4.49%       

Bullet pointArrangement fee can be added to the loan providing the total loan including fee does not exceed the LTV for the product selected.

 

Back to top >

 

 

Loan details

 

Loan Purpose Maximum LTV Minimum property value Minimum loan amount Maximum loan amount Minimum term Maximum term
Purchase 90% £75,000 £25,001

£1,500,000 up to 70% LTV

£1,000,000 up to 75% LTV
£750,000 up to 85% LTV
£500,000 up to 90% LTV

5 years 40 years**
Remortgage £ for £ 90% £75,000 £25,001

£1,500,000 up to 70% LTV

£1,000,000 up to 75% LTV
£750,000 up to 85% LTV
£500,000 up to 90% LTV

5 years 40 years**
Remortgage home improvements 85% £75,000 £25,001

£1,500,000 up to 70% LTV
£1.000,000 up to 75% LTV
£750,000 up to 85% LTV

5 years 40 years**
Remortgage capital raising 75% £75,000 £25,001

£1,500,000 up to 70% LTV
£1,000,000 up to 75% LTV

5 years 40 years**
Remortgage debt consolidation 75% £75,000 £25,001

£1,500,000 up to 70% LTV
£1,000,000 up to 75% LTV

5 years 40 years**

**Maximum Age at expiry of mortgage term is 75. For customers retiring during the mortgage term, the application will be referred an underwriter to assess affordability on projected or actual retirement income.

 

Back to top >

 

 

Applicant details

 

Bullet pointAvailable to employed and self-employed applicants

Bullet pointAvailable to first time buyers

Bullet pointMinimum age is 18 for Mainstream products.

Bullet pointMaximum age is 75 at the end of the term.

 

Back to top >

 

 

Fee details

 

Introducer fee

 0.40%

(max £4,000)

 

Property valuation Valuation fee Additional home buyer fee Additional Fee For Building Survey
Up to £100,000  £118 £140 £376
£100,001 to £150,000 £135 £175 £402
£150,001 to £200,000  £149 £213 £432
£200,001 to £250,000  £179 £220 £438
£250,001 to £300,000 £204 £231 £450
£300,001 to £400,000 £264 £270 £466
£400,001 to £500,000 £310 £314 £505
£500,001 to £600,000  £354 £370 £575
£600,001 to £700,000 £413 £401 £595
£700,001 to £800,000

£464

£440 £625
£800,001 to £900,000   £515 £484 £634
£900,001 to £1,000,000  £549 £535 £690
£1,000,001 to £1,250,000 £695 £550 £844
£1,250,001 to £1,500,000 £834 £536 £1,005
£1,500,001 to £1,750,000 £935 £709 £1,204
£1,750,001 to £2,000,000 £1,030 £799 £1,409
£2,000,001 to £2,250,000 £1,210 £810 £1,529
£2,250,001 to £2,500,000 £1,390 £829 £1,649
£2,500,001 to £2,750,000 £1,570 £850 £1,769
£2,750,001 to £3,000,000 £1,751 £869 £1,888
Over £3,000,000 By negotiation By negotiation By negotiation

 

Telegraphic transfer fee

£0
Higher lending charge   None

 

Back to top >

 


 

The information contained within this section is for use by mortgage intermediaries authorised by the FCA.

Information is not to be disclosed or given to the public or is intended as a consumer advertisement as it does not provide APRCs or APRC Representative Examples.

 

The Co-operative Bank p.l.c. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (No. 121885). The Co-operative Bank, Platform, smile and Britannia are trading names of The Co-operative Bank p.l.c., P.O. Box 101, 1 Balloon Street, Manchester M60 4EP. Registered in England and Wales No.990937. Credit facilities are provided by The Co-operative Bank p.l.c. and are subject to status and our lending policy. The Bank reserves the right to decline any application for an account or credit facility. The Co-operative Bank p.l.c. subscribes to the Standards of Lending Practice which are monitored by the Lending Standards Board.

 

Calls to 0800 and 0808 numbers are free from landlines and mobiles. Calls to 03 numbers cost the same as calls to numbers starting with 01 and 02. Calls to 0845 and 0870 numbers cost 3p per minute, plus your phone company’s access charge. Calls to 0844 and 0843 numbers cost 7p per minute, plus your phone company’s access charge. Calls may be monitored or recorded for security and training purposes.

Click for calculator
Our award-winning online application system
 

Find out about clicktrack - online application tracking made simple >

 

Link to calculators page

Link to our lending policy page

Link to service standards page