Co-operative intermediary launches 'competitive' buy-to-let mortgages

Date:Wednesday 10th November 2010
Author: Max Freedman

A source from the Co-operative's intermediary lender Platform has lauded a new range of buy-to-let mortgages.

Lee Gladwell, business development director at Platform, suggested the products could be popular with brokers' clients as they offer "competitive" borrowing propositions.

There were several new agreements launched yesterday (November 9th), ranging from one to four-year terms and including both tracker and fixed-rate deals.

The lowest interest rate available is on the 60 per cent loan-to-value two-year tracker product, which is offered at 3.49 per cent with a three per cent arrangement fee.

"Platform has a wealth of experience and expertise in buy-to-let lending and we are keen to extend our buy-to-let product proposition exclusively for the intermediary market," said Mr Gladwell.

Last week, Paragon Mortgages reported an increase in the availability of buy-to-let propositions, with 43 per cent of brokers stating the situation had improved in the third quarter of the year.

Meanwhile, 38 per cent claimed there has been no change during the period.