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Platform reduces mortgage rates by up to 0.60 per cent

 

Platform, the intermediary lender of The Co-operative Bank, has today, (Monday 26th September), reduced select rates on its Residential and Buy to Let mortgage ranges.

 

Changes to the rates include reductions to selected five year fixed Buy to Let mortgages by up to 0.60 per cent and selected three and five year Residential mortgages by up to 0.20 per cent in the 70-90 percent LTV bracket.

 

Highlights of the new Buy to Let range includes five year fixed rates from 2.79 per cent at 60 per cent LTV with a £1,999 fee, and a two year fixed rates from 1.74 per cent at 60 per cent, again with a £1,999 fee.

 

Reductions have also been made to selected Residential products. The new range includes two year fixed rates from 1.24 per cent with a £1,499 fee and five year fixed rates from 1.89 percent also with a £1,499 fee.

 

Stuart Beattie, Head of Mortgages at Platform, said: “We are delighted to offer brokers these new reduced rates from our Platform mortgage range."

 

“Providing great rates to our broker community is paramount, and, coupled with quality products and services, we are striving to continue to grow our business.”

 

Buy to Let fixed rates at a glance:

 

  • 2 year fixed rates from 1.74 per cent  60 per cent LTV with a £1,999 fee
  • 3 year fixed rates from 2.34 per cent at 60 per cent LTV with a £1,999 fee
  • 5 year fixed rates from 2.79 per cent at 60 per cent LTV with a £1,999 fee

 

Homeowner fixed rates at a glance:

 

  • 2 year fixed rates from 1.24 per cent at 60 per cent LTV with a £1,499 fee
  • 3 year fixed rates from 1.69 per cent at 60 per cent LTV with a £1,499 fee
  • 5 year fixed rates from 1.89 per cent at 60 per cent LTV with a £1,499 fee

 

                       For full details of the Platform’s mortgage range please go to www.platform.co.uk

 

                                                                              -Ends-

For further information contact:

 

Paul Lawler
The Co-operative Bank Press Office
Email: mailto:nicki.parry@cfs.coop

 

Notes to editors:

 

About The Co-operative Bank

The Co-operative Bank plc provides a full range of banking products and services to almost 5 million retail and SME (Small and Medium Sized Enterprises) customers.  The Bank is committed to values and ethics in line with the principles of the co-operative movement.

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