Platform cuts mainstream rates

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Platform has reduced rates in its range on fixed and tracker mainstream mortgage deals.

Two-year fixed rates now start at 3.59% while two-year trackers begin at 2.69%.

All the new rate mainstream mortgages come with free valuation and free legal fees for remortgages and are available via Platform’s panel of intermediary partners with an arrangement fee of £855.

The intermediary mortgage specialist of The Co-operative Bank has also pledged not to increase rates on any of its tracker products until The Monetary Policy Committee decides to increase the Bank Base Rate above 1%.

Lee Gladwell, director of business development at Platform, said: “This reduction in rates across our mainstream range is good news for intermediaries.

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