Platform revamps mortgage range and cuts rates

Platform, The Co-operative Bank's dedicated intermediary mortgage lender, has unveiled a number of changes to its Mainstream and Buy to Let product portfolio, with reductions in rates and fees across the range.

The changes, which come into effect today, include the reduction of all Mainstream mortgage rates by up to 60 bps and Buy to Let rates by up to 20bps.

Platform has launched some simple tracker products designed for people who want the flexibility to change their product, or provider, easily.

A new 2 Year fixed rate semi exclusive Buy to Let product has also been created which benefits from the move by Platform to decrease its arrangement fees on most products following on from broker feedback at the recent Platform Live Events.

Platform's non-refundable administration fee has been reduced to £89 from £140 and free valuation and free standard legal fees are available on all products across the mainstream and Buy to Let range for remortgages.

Lee Gladwell, Business Development Director at Platform, said: "Platform is committed to providing brokers with a competitive range of products for them to offer to clients and the reduction in rates across the range, alongside decreased fees demonstrates this.

"We really do try to act on broker feedback where possible and at our recent Platform Live Events, brokers told us that they would like us to consider some changes to our fees and we have acted on this and reduced many across the range for them."