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

By: ameer@trustedteam.com

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. 

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