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Platform reduces rates on mainstream products

by: Mortgage Solutions
  • 27/10/2009
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Platform, the intermediary only lender of The Co-operative Bank, has reduced rates by up to 0.45% on some of its exclusive intermediary fixed and tracker mainstream mortgage deals.

Its two year fixed rates have dropped from 4.25% to 3.79% and its three year fixed rates have fallen from 4.89% to 4.69%.

Its five year fixed rate deal is now 5.69% and its two year tracker products are now at 3.09%.

All revised rate mortgages come with free valuation and free legal fees for remortgages and are available to Platform’s panel of intermediary partners with an application fee of £995.

The rate changes are the latest move in Platform’s attempts to build a ‘dedicated mortgage business’ for IFAs.

Lee Gladwell, director of sale & propositions at Platform, said: “Platform is striving to develop a dedicated intermediary mortgage business that puts IFAs at the heart of our product and service proposition, enabling them to deliver an enhanced service to their clients.”

 

 

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