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.”