Co-op Bank’s intermediary arm Platform has cut rates by up to 0.1 percentage points on selected residential and buy-to-let brands.
The lender now has two-year fixed rate mainstream mortgages available from 1.09 per cent and two-year fixed rate buy-to-let mortgages available from 1.39 per cent.
The move comes a matter of days after Platform relaxed its affordability criteria to help first-time buyers who are struggling to get on the housing ladder.
Paul Norcott, head of mortgages and insurance, said: “We are delighted to offer brokers these new market-leading rates within our Platform mortgage range.
“It is a peak time for the mortgage market and we’re reducing the rates on a number of our mortgages to ensure we stay as competitive as possible, and offer great deals to our broker partners as they look to secure the best mortgage option for their clients.”
Michelle Lawson, director at Portsmouth-based Lawson Financial, said: “They are good rates, good criteria and offer a pretty decent service.
"Platform are well-placed in the marketplace.”
simon.allin@ft.com
