Platform, the broker unit of The Co-operative Bank, has reduced interest rates across its 80-90 per cent loan-to-value (LTV) fixed-mortgage range.
Rates of two-, three- and five-year products at 80 per cent LTV have been reduced by 0.15 percentage points. The new offers are available through brokers to both homebuyers and remortgage customers.
The rates on two-year fixed deals at 90 per cent LTV have been cut by 0.10 percentage points. They are available for purchases only.
Full details of the new mortgage deals include:
Up to 80 per cent LTV (for purchases and remortgages)
=> 2 year fixed rate at 1.59 per cent with a £1,499 fee
=> 2 year fixed rate at 1.74 per cent with a £999 fee
=> 3 year fixed rate at 2.29 per cent with a £999 fee
=> 5 year fixed rate at 2.64 per cent with a £1,499 fee
=> 5 year fixed rate at 2.79 per cent with a £999 fee
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Up to 90 per cent LTV (for purchases only)
=> 2 year fixed rate at 3.39 per cent with a £999 fee
*
All deals come with a free standard valuation for remortgagers and purchasers, plus free legals for remortgagers. A £250 cashback is also available on selected products.
Stuart Beattie, head of mortgages at Platform, said:
“Our latest rate reductions, which are mainly focused on our 80% and 90% LTV mortgages, will make these rates particularly attractive to those borrowers with smaller deposits who are specifically looking for higher LTV deals.”
