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Product history 2018

For Intermediary use only

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Date of product change

Summary of changes

Friday 20th April

On Friday 20th April 2018 we are temporarily withdrawing the following mortgage products from sale;

 

New Business

 

Mainstream

- 2 year fixed rate M1357, 60% to 85% LTV with £999 arrangement fee

- 2 year fixed rate M1358, 60% to 85% LTV with £299 arrangement fee

- All other products remain unchanged

 

Pipeline Deadline

 

Clickdecision and KFIs

Products will be withdrawn from our website and all sourcing systems at 5pm on 20th April 2018.

 

Applications

Applications must be received at Platform by 5pm on 20th April. Applications must have a click decision. All applications must be accompanied by all items on our shopping list.

Wednesday 18th April

Product Changes

New product codes issued for selected new business products: M1357, M1358, M1359, M1360. End dates unchanged at 30 June.

 

New Business

 

Mainstream

- Selected 2 year fixed rates at 80% and 85% LTV increased by up to 10 bps

- Selected 5 year fixed rates at 60% LTV increased by up to 10 bps

 

Monday 9th April

Product Changes

New product codes will be issued for all products. End dates unchanged at 30 June.

 

New Business

 

Mainstream

- 5 year fixed rates at 60% LTV increased by 5bps

- 2 and 5 year fixed rates at 85% and 90% LTV decreased by up to 10bps.

 

Help to Buy

- 2 year fixed rates at 60% and 75% LTV launched

- 5 year fixed rates at 60% and 75% LTV launched

 

Buy to Let

- All 5 year fixed rates reduced by 5bps

 

Product Switch

 

Mainstream

- 2 year fixed rate fee-free products at 60% to 85% LTV increased by 5bps

- 2 year fixed fee-paying products at 85% and 90% LTV reduced by up to 10bps

- Selected 5 year fixed rates at 60% LTV increased by 5bps

- 5 year fixed rates at 90% LTV reduced by up to 10bps

 

Buy to Let

- All 5 year fixed rates reduced by 5bps

Monday 26th March

New product codes issued for all products.

 

All product rates and end dates remain the same. (End dates remain set to 30 June).

 

(This product relaunch is required to support internal system changes.  The system changes are designed to improve the broker journey and processing efficiencies.)

Thursday 1st March

New product codes issued for all products and end dates extended to 30 June.

 

Mainstream (New Business & Product Switching)

- 2 year fixed rates increased by up to 0.15%

- 3 year fixed rates increased by up to 0.10%

- 5 year fixed rates increased by up to 0.10%

 

New Business 2 year fixed rates with £1499 fee at 60-90% LTV remain temporarily withdrawn

 

Buy to Let (New Business & Product Switch)

- 2 year fixed rates at 60% LTV increased by 0.05%

- 5 year fixed rates at 60% LTV increased by 0.10%

Thursday 15th February

Mainstream (New Business)

- In addition to yesterdays withdrawal of product M1280 we are temporarily withdrawing the 2 year fixed £299 fee option (M1270 and M1279) covering all LTV bands with effect from COB 15th February

Wednesday 14th February

Mainstream (New Business)

- 2 year fixed rate M1280 90% LTV with £999 fee temporarily withdrawn

Monday 29th January

New Product Codes issued for all products and end dates remain set to 30 April.

 

Mainstream (New Business & Product Switch)

- Selected 2 and 3 year and all 5 year fixed rates at 90% LTV reduced by up to 0.15%
- Selected 5 year fixed rates at 80-85% LTV reduced by up to 0.15%
- 2 year fixed rates at 60% LTV increased by 0.05%
Note: New Business 2 year fixed rates with £1499 fee at 60-90% LTV remain temporarily withdrawn


Buy to Let (New Business & Product Switch)
- Selected 2 year fixed rates at 70-75% LTV reduced by 0.05%
- All 3 year fixed rates at 60- 75% LTV reduced by 0.05%
- Selected 5 year fixed rates at 60-75% LTV reduced by up to 0.20%

Thursday 4th January

New Product Codes issued for all products and end dates extended to 30 April.

 

Mainstream (New Business & Product Switching)

- Selected 2, 3 and 5 year fixed rates at 60-90% LTV reduced by up to 0.15% (all 90% LTV rates reduced).

- Selected 2 year fixed rates at 70-85% LTV with product fees of £999 and £0 (new business) and £749 (product switch) increased by 0.05%.

Note: New Business 2 year fixed rates with £1499 fee at 60-90% LTV remain temporarily withdrawn.

 

Buy To Let (New Business & Product Switching)

- Selected 2 year fixed rates at 60 and 65% LTV reduced by 0.05%

- Selected 2 year fixed rates at 60% and 75% LTV increased by 0.05%

 

Product history 2017 >



 

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.

 

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