Platform will now be known as The Co-operative Bank for Intermediaries in order to more closely align it with its parent company and part of its “ongoing transformation and technology upgrade programme”.
The lender is also unveiling a new system, Broker Portal, which will “will help to deliver a customer-focused service and simplify the application journey”.
The portal uses “intuitive technology” to foster product innovation, which will allow the firm to deliver products tailored to customer needs.
The first set of products delivered using the portal is a range of residential interest-only mortgages.
The lender has also increased the maximum loan size on buy-to-let products to £750,000, at 95 per cent LTV it has gone up from £350,000 to £500,000 and at 90 per cent LTV, it has risen from £500,000 to £600,000.
The company is also replacing the two-year tracker with a lifetime tracker.
The firm said it was “committed to delivering competitively priced products and offering clear lending criteria”.
“It will provide a smooth application process and champion an ethical approach, setting it apart from the rest of the industry,” it added.
Fred Sharp, director of intermediary distribution at The Co-operative Bank, said: “Close alignment to The Co-operative Bank brand is important as we continue to strengthen our position as the original ethical bank and provide consumers with an ethical alternative.
“Our new application system, Broker Portal, will allow both brokers and customers to benefit from more efficient technology and will give us the flexibility to introduce new products and services, such as the residential interest only mortgages launching today.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
