Homedirect loanPlatform revamps, lifts rates for mainstream and BTL ranges

Platform revamps, lifts rates for mainstream and BTL ranges

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Platform, the broker arm of the Cooperative Bank, is relaunching its mainstream and buy-to-let mortgage ranges for new business and product switching customers.

The changes are as follows:

New business

Mainstream range

* Two, three and five-year fixed-rate products at 60% to 90% loan to value, with no fee, remain withdrawn

* The reintroduction of all withdrawn two, three and five-year fixed-rate products, with a £1499 and a £999 fee, with an increase of up to 34 basis points

* Two-year fixed-rate products at 80% to 95% LTV, with a £1499 and a £999 fee, lifted by up to 24bps

Professional mortgage range

* Two and five-year fixed-rate products raised by up to 30bps

Buy to let range

* Two-year BTL and two-year BTL premier products, still withdrawn

* The reintroduction five-year fixed-rate products with an increase of up to 32bps

Help to Buy range

* Two and five-year fixed-rate products raised by up to 12bps

Product Switch

Mainstream range

* No changes

Buy to let range

* Two-year BTL and two-year BTL premier products, still withdrawn

* Five-year fixed-rate product increased by up to 32bps

Help to Buy range

* Two, three and five-year fixed-rate products increased by up to 12bps

The lender says new product codes issued for all products and end dates remain until the end of November. It adds that subject to demand products and rates may change or be withdrawn at short notice.

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