Platform further reduces interest rates on select 90 per cent LTV mortgages for new and existing customers

  • Second interest rate reduction during January 2018
  • Reductions across other LTV bands also applied today
  • Select buy-to-let mortgages have also been reduced by up to 0.20 percentage points
  • Platform is also announcing changes to mortgage lending criteria

Platform, the intermediary mortgage brand of The Co-operative Bank, has today (Monday 29, January 2018) reduced rates on selected 90 per cent LTV mortgages across two, three and five year fixed rate products by up to 0.15 percentage points for new and existing customers.

Platform is also reducing other selected mortgage products across its residential range by up to 0.15 percentage points. 

Highlights of the mainstream products offered by Platform include;  

  • Two year fixed rate at 90 per cent LTV at 1.84 per cent with a £999 fee.
  • Three year 90 per cent LTV at 2.14 per cent with a £1,499 fee
  • Five year 90 per cent LTV at 2.39 per cent with a £1,499 fee

All with the benefit of £250 cashback and a free standard valuation for purchase and remortgage. 

Select interest rates on buy-to-let mortgages for both new and existing customers are also being reduced with all five year fixed buy-to-let mortgages in the 75 per cent LTV band being reduced by 0.20 percentage points with a range of fees available.

Paul Norcott, Head of mortgages and insurance at The Co-operative Bank said: “We’re pleased to announce more rate reductions to our already competitive Platform mortgage range. We’re now offering a number of rates that are the lowest in the market and we are confident that we can continue to offer competitive rates to our brokers. We will be continually reviewing the rates that we offer across our range of products to help our broker partners find the right deal for their clients and encourage those brokers who might not have considered Platform before to see what we have to offer.”

Platform is also announcing that from today it is enhancing its lending criteria for mainstream and buy-to-let new business applications. 

Minimum income will now be assessed at household level, rather than on a single applicant basis which was previously the case.

There is also a change in the lending criteria applied when an applicant is looking for a mortgage for a flat in London. Flats in a block of up to 15 floors are now acceptable for prime London postcodes.

For full details of Platform’s mortgage range please go to


Mortgages that make a difference - we are now partnering with youth homelessness charity Centrepoint:

Platform is the intermediary lender of The Co-operative Bank - the only UK high street bank with a customer led ethical policy. To mark the 25th anniversary of our Ethical Policy we are partnering with youth homelessness charity Centrepoint and will be supporting their vital work by making a donation on behalf of each new mortgage customer and through colleagues’ fundraising.

The Co-operative Bank plc is committed to paying to Centrepoint the sum of £25 in respect of every new Platform branded mortgage application received from 2 May 2017, which proceeds to completion. The £25 will be paid following completion of the mortgage and the Bank will make a payment to Centrepoint quarterly, for eligible completions during the previous quarter.

The Bank reserves the right to change or withdraw the donation arrangement at any time.