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Platform cuts rates by up to 0.12%

The Co-operative Bank’s intermediary lender Platform is reducing its fixed and tracker rate mortgages by up to 0.12 per cent.

From today, a two-year fix up to 60 per cent LTV becomes available at 2.29 per cent as well as a five-year fixed rate of 3.09 per cent up to 75 per cent. All products come with a £950 fee.

The Co-operative Banking Group head of mortgages James Hillon says: “We’re continuing to support brokers both through further reductions to our rates and also by increasing the incentives on offer with our mortgages.

“This we hope will help to boost the broker toolbox, giving them further reductions and incentives to pass on directly to their customers.”


Second-charge loans reach four-year high

Secured loan lending reached its highest level in four years in January, according to data from secured loan broker Loans Warehouse. In January, £30.1m was lent to homeowners, the highest monthly total since January 2009, when £53m was lent. January’s figure was 20.9 per cent higher than the same month a year earlier, when £24.9m […]

Tenet Group to offer Metro Bank mortgages

Tenet Group has partnered with Metro Bank and will now offer its residential and buy-to-let mortgages to borrowers in the South East of England.

Lending Zone: When advisers and lenders fall out

The relationship between banks and other lenders and intermediaries has been under real pressure in recent months but while advisers have been forced to boost the quality of paperwork submitted, there is growing resentment at a perception that lenders have not in turn raised their own game


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