The co-operative bank for intermediaries has cut rates on selected residential and landlord loans by up to 45 basis points.
The lender’s reductions cover:
New business
Residential
- Two-, three- and five-year fixes, down by up to 25bps
Professional mortgage
- Two- and five-year fixes, down by up to 14bps
Buy to let
- Two- and five-year fixes, down by 0.10%
Help to Buy
Welsh scheme only:
- Two- and five-year fixes, down by up to 22bps
Product Switch
Residential
- Two-, three- and five-year fixes, down by up to 45bps
BTL
- Two-, three- and five-year fixes, down by up to 40bps
Help to Buy
- Two-, three- and five-year fixes, down by up to 23bps
The firm says it will launch mainstream and BTL mortgage ranges for new business on its new system and under the Co-operative Bank for intermediaries name, after its rebrand from Platform in September.
However, product switching for existing Platform customers will remain unchanged, continuing to be serviced on Platform systems.
Original Article
