Co-operative Bank's Platform boosts buy-to-let products
Tuesday, 24 January 2012 11:43
Platform, the intermediary mortgage lender for the Co-operative Bank, has announced that it has launched a new range of buy-to-let products.
The Premier Buy to Let range means the maximum loan size for this type of mortgage is now £500,000, something that could really help would-be buyers who want to build a portfolio of premium properties.
A choice is available between fixed-rate or tracker loans, with each lasting for two years and available up to a maximum loan-to-value ratio of 65 per cent.
There is also the option of taking out a mortgage on a 'Let to Buy' basis, which means customers can buy a new property without having to sell their old one.
Platform's Nick Allen said: "The introduction of the new Premier Buy to Let products will further improve our buy-to-let range and enable brokers to offer a wider suite of products to their clients."
The Co-operative Group has around six million members, making it the world's largest consumer co-operative.
Comments
Newsletter sign up