Co-operative Bank mortgage lender cuts interest rates.

Date:Wednesday 28th October 2009
Author: Max Freedman

The Co-operative Bank's intermediary lender, Platform, has cut interest rates on its mortgages offered through independent financial advisors (IFAs).

Lee Gladwell, director of sales and propositions at Platform, pointed out that the reduction in interest rates will allow IFAs to deliver a better service to clients.

He explained: "Platform is striving to develop a dedicated intermediary mortgage business that puts IFAs at the heart of our product and service proposition."

The company has cut interest rates on these mortgage deals by up to 0.45 per cent.

This means fixed-rate products are now available at 3.79 per cent, 4.69 per cent and 5.69 per cent for two, three and five-year deals respectively.

As well as this, the two-year tracker mortgage is now available at 3.09 per cent.

Platform, which is also an intermediary of Britannia Building Society, recently launched an online case tracking system called clicktrack that allows intermediaries to check the real-time status of applications.