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Wednesday, 08 June 2011 13:37

Platform cuts mortgage rate by 0.6 per cent Featured

Written by  Administrator

The Co-Op bank's intermediary mortgage lender has cut its main rates by up to 0.6 per cent as part of a plan to ensure more business comes their way.

Mainstream two-year and four-year trackers are on offer by Platform at bank base rate (BBR)+2.99 per cent.

The LTV ratio is up to 70 per cent and there will be a £950 arrangement fee and administration charge of £89.

A spokesperson said: "Platform is committed to providing brokers with a competitive range of products for them to offer to clients and the reduction in rates across the range, alongside decreased fees, demonstrates this."

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