Platform has made interest rate reductions to a number of its mortgage products, with reductions of up to 0.32 percentage points being made to select mortgages.
The intermediary mortgage brand of The Co-operative Bank says the cuts means some of its new deals top the best buy tables with lowest available rates and overall best value mortgage options for borrowers.
Highlights of the new range now available include:
- 2 year fixed rate at 0.79% at 60% LTV with a £1,499 fee and £250 cashback available
- 2 year fixed rate at 1.97% at 90% LTV with a £999 fee and £250 cashback available
- 2 year fixed rate at 1.61% at 85% LTV with a £999 fee and £250 cashback available
- 5 year fixed rate at 2.64% at 85% LTV with a £0 fee and £1000 cashback available
- 5 year fixed rate at 2.61% at 90% LTV with a £999 fee and £250 cashback available
Fred Sharp, director of mortgage distribution at The Co-operative Bank, said: “We continue to review our product range to ensure that we’re offering the most competitive rates and best value mortgage options for our broker partners who are still working tirelessly to support the demand from homebuyers and those looking to make the most of this low mortgage rate environment.
“We continue to make changes across our product offering to ensure we have great options available for a range of buyer profiles with cashback of up to £1,000 available on select mortgages.”
