Good news for those with smaller deposits at Platform

3rd August 2015

Platform, the intermediary lender of The Co-operative Bank, has revised its mainstream mortgage range available to brokers.

Highlights include reductions of up to 0.15% on its two, three and five-year fixed rates up to 80% loan-to-value (LTV), available to both purchase and remortgage customers. Elsewhere, its two-year fixed rate up to 90% LTV, available for purchases only, has been reduced by up to 0.10%.

All deals come with a free standard valuation for remortgage customers and purchasers, plus free legals for remortgagers. A £250 cashback payout is also available on selected products.

Stuart Beattie, head of mortgages at Platform, said: “We are constantly reviewing the market to ensure we remain competitive with a varied range of mortgages for brokers to offer to their clients.

“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.”

*2 year fixed with TSB 1.09% then 3.59% - APRC is 3.3% Max LTV is 60%. Quoted on 27th May 2020.