Platform cuts resi and BTL rates by up to 29bps  

By: ameer@trustedteam.com

Platform has relaunched its mainstream and buy-to-let mortgage ranges for new borrowers and product switchers with rate cuts of up to 29 basis points.  

Highlights of The co-operative bank’s broker-only arm reductions and changes include:  

New Business  

Mainstream  

  • Two-, three- and five-year fixed-rate products fall by up to 29bps  
  • 10-year fixed-rate products down by up to 19bps  
  • Standard variable rate rises by 25bps to 8.12%   

Buy to Let  

     * Two- and five-year fixed-rate products cut by up to 25bps  

     * Two-year Premier fixed-rate products reduced by up to 25bps  

     * Two-year tracker rates increased by 25bps  

  • Reversionary rate increased by 25bps to 8.12%   

Product Switch  

Mainstream  

   * Two-, three- and five-year fixed-rate products fall by up to 29bps  

   * Two-year tracker rates rise by 25bps  

  • Standard variable rate lifts by 25bps to 8.12%  

Buy to Let  

   * Two-, three- and five-year fixed-rate products fall by up to 25bps  

   * Two-year Premier fixed-rate products cut by up to 25bps  

   * Two-year tracker rates rise by 25bps  

  • Reversionary rate up by 25bps to 8.12%   

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