Platform relaunches resi loans, lifts rates by up to 72bps 

Platform has relaunched its mainstream and buy-to-let ranges for new business loans and product switch borrowers.

The Co-operative Bank’s broker-only arm also lifts selected residential, landlord and Help to Buy fixed rates by up to 72 basis points.

The lender says the changes cover:

New Business

Mainstream

* Reintroduces all fixed-rate products

* Standard variable rate lifts to 7.87%

Professional Mortgage

* Reintroduces all products

* Standard variable rate rises to 7.87%

Buy to Let

* Reintroduces all fixed-rate products

* Standard variable rate increases to 7.87%

Help to Buy

* Reintroduces all products

* Standard variable rate lifts to 7.87%

Product Switch

Mainstream

* Reintroduces two-, three- and five-year 60% loan-to-value fixed-rate deals

* Standard variable rate increases to 7.87%

* Two-, three-, and five-year fixed-rate products rise by up to 51 basis points

Buy to Let

* Two-, three-, and five-year fixed-rate loans lift by up to 72bps

* Standard variable rate increases to 7.87%

Help to Buy

* Two-, three-, and five-year fixed-rate offers rise by up to 59bps

* Standard variable rate increases to 7.87%

The lender adds that product end dates will remain until the end of December.

Original Article