Platform is also reducing interest rates on its Help to Buy mortgages by up to 0.05 percentage points.
From Monday 1 April 2019; Platform, the intermediary mortgage brand of The Co-operative Bank will be offering reduced interest rates on its 95% LTV mortgage range with rates reduced by up to 0.15 percentage points. This is positive news for first time buyers who often have a smaller deposit and are looking for a good deal on a higher LTV mortgage.
Highlights of the 95% mortgage range offered by Platform include;
All 95% LTV mortgages from Platform have the benefit of; £500 cashback and a free standard valuation. Available for Purchase only.
Other select mortgages in Platform’s product range are being reduced by up to 0.05 percentage points, including all Help to Buy mortgage products.
Neil Wyatt, Head of Intermediary Distribution at Platform said: “We are pleased to be able to offer competitive deals for brokers looking to find the best option for buyers with lower deposits. We are continuing to support first time buyers as we did through last year with this latest product re-price to lower the interest rates that we offer on both our 95 per cent LTV mortgage range and also by making reductions to the interest rates of our Help to Buy mortgages.
“This year we are also continuing with our support of youth homelessness charity Centrepoint who we have been in partnership with since May 2017. Across The Co-operative Bank; with the support of colleagues and our customers, we have raised more than £1 million pounds which has been used to fund some of the vital and important work Centrepoint carries out across the UK to benefit vulnerable young people in crisis.”
For full details of Platform’s mortgage range please go to www.platform.co.uk