Co-operative Bank's Platform launches exclusive new products
Monday, 14 November 2011 02:59
The Co-operative Bank's intermediary mortgage lender Platform has introduced two new exclusive products for buy-to-let brokers.
Its one-year Buy-to-Let Options tracker product is the first, which can be attained through Sesame and was designed for borrowers who may wish to make overpayments.
At a loan to value (LTV) ratio of 60 per cent, this has interest rates of 3.79 per cent (BBR +3.29 per cent).
There is also the two-year Buy-to-Let Cashback tracker product that will be available through Legal and General appointed representatives.
This was designed with first-time landlords in mind and has rates starting at 3.49 per cent (BBR +2.99 per cent) on an LTV of 60 per cent.
Platform's Lee Gladwell said: "Broker feedback has been integral in the development of the new products."
The Co-operative Banking Group employs 12,000 staff and has nine million customers. It currently holds £70 billion in assets at 300 high street branches and 20 corporate banking centres.
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