Platform launches new mainstream products and reduces rates

Platform has enhanced its offering by launching a new range of residential mortgage products, including competitively priced two year and five year fixed rate deals across a broad range of LTVs, with rates now starting from 3.09%.

The launch of the products, available from 24 September, reaffirms the commitment of The Co-operative Bank's dedicated intermediary mortgage lender. The new range offers a 5 year fixed rate up to 60% LTV at 3.45%, with a £950 arrangement fee. The product is also available at 3.65% if borrowers prefer not to pay an arrangement fee.

James Hillon, Head of Mortgages at The Co-operative Bank, said: "Platform is committed to supporting intermediaries and their customers by offering a range of products that are fit for purpose and best suit their needs.

"We have found that there is increasingly more appetite for longer term fixed rate products which allow people to budget with more certainty, and have therefore decided to launch the competitively priced 5 year fixed rate product for our customers.

"We hope that the suite if mainstream products, which include fixed and tracker options, will enable brokers to offer a comprehensive range of competitive products to their clients."