Platform, the intermediary lender of the Co-operative Bank, has launched a new rate reduction across its fixed product portfolio from today (23 February).
The company has cut by up to 0.2 percentage points the rates of two-, three- and five-year mortgages with a variety of deposits and fee options.
Stuart Beattie, head of mortgages at Platform, commented:
“We believe that many of our new products rank amongst the lowest ever fixed rate deals we’ve offered via brokers. With rates at these levels, it’s understandable that borrowers would turn to brokers for help on whether it’s the right time for them to fix.”
The new offers include:
Up to 60 per cent loan-to-value:
- 2 year fixed rate at 1.49% (previously 1.59%) with a £999 fee
- 5 year fixed rate at 2.29% (previously 2.49%) with a £1,499 fee
Up to 70 per cent loan-to-value:
- 5 year fixed rate at 2.54% (previously 2.69%) with a £1,499 fee
Up to 75 per cent loan-to-value:
- 2 year fixed rate at 1.74% (previously (1.79%) with a £999 fee
- 3 year fixed rate at 2.24% (previously 2.34%) with a £999 fee
- 5 year fixed rate at 2.64% (previously 2.74%) with a £1,499 fee
Up to 80 per cent loan-to-value:
- 2 year fixed rate at 1.99% (previously 2.04%) with a £999 fee
Up to 90 per cent loan-to-value – no fee deals
- 2 year fixed rate at 3.44% (previously 3.54%), no arrangement fee
- 3 year fixed rate at 3.99% (previously 4.09%), no arrangement fee
- 5 year fixed rate at 4.19% (previously 4.29%), no arrangement fee
Platform mortgages come with a free standard valuation for remortgagers and purchasers, plus free legals for remortgagers. Brokers can also choose from a range of products that include a £250 cashback.
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