Co-op Bank for intermediaries cuts resi, landlord rates by up to 45bps    

By: ameer@trustedteam.com

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.  

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