Co-op Bank for intermediaries cuts resi, BTL rates by up to 42bps  

By: ameer@trustedteam.com

The Co-operative Bank for intermediaries will cut new business rates across its residential and buy-to-let ranges by up to 42 basis points.  

The lender’s reductions cover:  

Residential  

  • Two-, three- and five-year fixed-rate deals, down by up to 42bps  

Professional mortgages  

  • Two- and five-year fixed-rate deals, down by up to 42bps  

BTL  

  • Two- and five-year fixed-rate deals, down by up to 30bps  

Help to Buy — Welsh scheme only  

  • Two- and five-year fixed-rate deals, down by up to 19bps  

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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