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Platform expands mainstream range with cash back products

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  • 15/11/2012
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Platform expands mainstream range with cash back products
Platform plans to add a £250 cash back bonus to its mainstream mortgage range tomorrow.

The cash back incentive is available to both purchase and remortgage customers on two, three and five-year fixed rate products across a range of LTV bands.

A two-year fixed rate offered at 2.89% is available up to 75% LTV with a £950 product fee and £250 cash back is priced at 2.89%, whilst the equivalent five-year product is available at 3.33%.

A five-year fixed rate offered at 3.08% is available up to 60% LTV with a £1,550 product fee and £250 cash back.

James Hillon, head of mortgages at The Co-operative Bank, (pictured) said: “Rates continue to be competitive across the range, offering variety for customers with a range of deposits, with the added bonus of cash back. We hope that borrowers will be glad of the additional cash which they could put towards things such as solicitors fees, exit fees or simply towards new household items.”

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