Platform cuts mainstream and buy-to-let rates

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Platform has cut the rates on its mainstream and buy-to-let mortgages by up to 0.99 percentage points.

The Co-operative Bank specialist lender has further reduced rates across its residential mortgage range by up to 0.59 percentage points.

Deals include a 60% LTV two-year tracker mortgage available at 2.25% with a £950 fee.

Meanwhile, buy-to-let market products have seen rate reductions of up to 0.99 percentage points. New deals include a 60% LTV, 2 year tracker mortgage with at 3.24% with a £2,450 fee or 3.64% with a £950 fee.

Platform has also now extended its £250 Cashback offer to mainstream lending at 80% LTV and above.

All remortgages benefit from free valuation and free standard legal fees, whilst house purchases come with a free valuation.

James Hillon, head of mortgages at the Co-operative Bank, said: “We’re delighted to pass on these significant reductions in rates across mainstream and buy to let products to brokers helping them to grow their businesses and meet the needs of their customers.”

“We’re committed to offering brokers a variety of products across our residential and buy to let mortgages and to give customers an extra incentive we have now also extended our £250 Cashback offer to more products across the range.”

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