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Platform reduces buy to let mortgages by up to 0.99%

13th February 2013 Print

In a move that further signals The Co-operative Bank's appetite to lend competitively through the intermediary sector, Platform has reduced the rates on its mainstream and buy to let mortgages by up to 0.99%.

As part of its commitment to mainstream lending in 2013, Platform has further reduced rates across its residential mortgage range by up to 0.59%. Product highlights include a 60% LTV 2 year tracker mortgage available at 2.25% with a £950 fee.

In addition to mainstream lending, Platform continues to support the buy to let market by enabling brokers to offer products with rate reductions of up to 0.99%. Product highlights in the buy to let range include a 60% LTV, 2 year tracker mortgage with at 3.24% with a £2,450 fee or 3.64% with a £950 fee.

As an additional incentive for brokers to offer their customers, Platform is also now extended its £250 Cashback offer to mainstream lending at 80% LTV and above.

James Hillon, Head of Mortgages at the Co-operative Bank, comments: "We're delighted to pass on these significant reductions in rates across mainstream and buy to let products to brokers helping them to grow their businesses and meet the needs of their customers."

"We're committed to offering brokers a variety of products across our residential and buy to let mortgages and to give customers an extra incentive we have now also extended our £250 Cashback offer to more products across the range."

All remortgages benefit from free valuation and free standard legal fees, whilst house purchases come with a free valuation.