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Platform launches rate and doubles broker access

Platform, the broker arm of the Co-operative Bank, has launched a range of two-year fixed rate deals starting at 3.44% and has doubled the number of brokers the rates are available to.

Rates include a 5.64% deal at up to 85% LTV with no fee, and a product at 4.89% up to 80% LTV.

There is also a 3.69% deal at up to 75% LTV and a 3.44% deal at up to 70% LTV.

All products that offer a maximum LTV of between 70% LTV and 80% LTV have an application fee of £855.

The deals come with a free valuation and legal fees for remortgages.  

Platform has also increased the number of selected intermediary partners that can access the product from five to 10.

The products are available to appointed representatives of Legal & General Partnership Services, Openwork, Personal Touch Financial Services, Sesame, Pink Home Loans, Connells, London & Country, Ocean Finance Central Trust and Countrywide.

Lee Gladwell, director of business development at Platform, says: “The response from brokers since we launched as a mainstream mortgage provider has been encouraging and we believe that we are making progress in our aim of helping intermediaries provide good service to their clients.”


The repossessions visionaries could be right about rise

The story on Mortgage Strategy Online last week stating that 67% of lenders and repossession experts predict a rise in repossessions was astounding – these people must have psychic powers to see such a thing coming. But maybe it’s not all down to consumers overborrowing – it just might have something to do with lenders […]

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]


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