Co-op’s Platform expands 90% LTV range

Essex Home Finance
Platform, the intermediary mortgage brand of The Co-operative Bank, has launched new three-year fixed rate products between 80% and 90% LTV, and reduced existing products by up to 0.32%.
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Platform, the intermediary mortgage brand of The Co-operative Bank, has launched new three-year fixed rate products between 80% and 90% LTV, and reduced existing products by up to 0.32%.

New three-year fixed rates are available from 2.65% at 80% LTV, 3.14% at 85% LTV, and 3.72% at 90% LTV. All products have no fee and £1,000 cashback is available.

On its professional mortgage range, Platform has reduced two and five-year fixed rate products by up to 0.25%. Highlights include a 90% LTV two-year fixed rate at 3.40% with no fee and £250 cashback.

Additionally, Platform has re-introduced a range of two and five-year fixed rate buy-to-let products with a £1,999 fee and reduced existing buy-to-let products between 65% and 75% LTV by up to 0.42%.

Carolyne Gregory, director of retail lending at The Co-operative Bank, said: “The mortgage market in the UK remains in high demand and we’re continuing to review our product options and interest rates to ensure that we remain competitive, whilst also offering a variety of options for fixed terms, range of fees, and while also maintaining our generous cashback offers that are up to £1,000 on select mortgage products.”

Original Article from Financial Reporter 17/03/2021

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