The Co-operative Bank announces HTB rate cuts

Platform, the intermediary mortgage brand of the Co-operative Bank, has announced a series of rate reductions to products within its Help to Buy range.

Product cuts include the 60 per cent LTV five-year fix reduced from 2.14 per cent to 2.04 per cent, and the 75 per cent LTV five-year fix from 2.19 per cent to 2.09 per cent.

Both products have a £999 arrangement fee, £500 cashback and free valuations.

In addition, the lender has reduced rates on the 60 per cent LTV five-year fix from 2.34 per cent to 2.24 per cent, and the 75 per cent LTV five-year fix from 2.39 per cent to 2.29 per cent.

The two products include no fees, £500 cashback, and free valuations.

All four deals have a maximum term of 40 years for first-time buyers and homeowners.

Platform head of intermediary distribution Neil Wyatt says: “At Platform we are continuing to support the first-time buyer market by reducing select interest rates within our already competitive HTB mortgage range.

“We are working with more and more broker partners as they look for the best value deal for their clients looking to buy their first home.”

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