Platform, the intermediary arm of the Co-operative Bank has withdrawn its two-year fixed products and five-year fixed at 60 to 75 per cent loan-to-value (LTV).
The five-year products were offered with a £1,499 and a £0 fee.
The products were withdrawn temporarily yesterday. There are no other changes to the range.
A Platform spokesperson said: “Due to unprecedented demand we have made the decision to temporarily remove our two year fixed rate mortgage product range and our five year fixed rate Platform mortgage products at 60 per cent to 75 per cent LTV from sale. We are continuing to monitor the wider market and will communicate any further product changes as early as possible to our broker partners.”
The provider launched back into 90 per cent loan-to-value (LTV) deals in mid-November after pulling out of the market in August.
At the same time it reduced the loan-to-value (LTV) at which its maximum income multiplier can be considered from 80 per cent to 75 per cent LTV.
All lending above 75 per cent LTV will now have a maximum income multiplier of 4.49, while all lending at 75 per cent LTV or lower will still be eligible for the 4.85 times income multiplier.
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.
