Platform cuts rates by up to 0.25%

26th June 2015

Platform, The Co-operative Bank’s intermediary lender, has cut selected fixed mortgage rates by up to 0.25%. The new rates start from 1.24% fixed for two years on loans up to 60% loan-to-value (LTV) and an arrangement fee of £1,499.

Platform’s fee-free range now includes five-year fixed-rate mortgages at 3.24% and 3.94% for loans up to 85% LTV and 90% LTV, respectively, without an arrangement fee.

All of its mortgage deals come with a free standard valuation for remortgage customers and purchasers, plus free legals for remortgage customers. Cashback of £250 is also available on selected products.

Stuart Beattie, head of mortgages at Platform, said: “Our latest round of rate reductions maintains our commitment to support the intermediary market by offering competitive mortgage products.

“Our new range should have something for all borrowers whatever their budget, with market-leading deals available for borrowers with large or small deposits, and a wide range of fee and fee-free options to choose from.”

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