Platform Removes Popular Products
Posted on:
07
Mar
2011
by Huw Thomas
Platform, the intermediary lending arm of Co-operative Bank, has withdrawn a number of buy to let products as a result of high demand.
Platform has discontinued its one, two and four-year fixed products, which are not being replaced, along with a number of one and two-year trackers.
The lender will introduce a new range of buy to let products on Tuesday, including fixed-rate options starting from 4.39 percent and a number of two-year trackers which start at 3.69 percent.
Explaining the decision, a spokesman for Platform said: “Our new range has been more popular than we expected and we have seen very high demand. As an intermediary specialist, we understand the need to support intermediaries and help give them a fast and reliable service to their clients. We have therefore withdrawn some products to enable us to manage and maintain our service standards.”
Along with its new offerings, Platform will carry on with a selection of its existing products, including a range of four-year fixed rates starting at 4.49 percent and some two-year trackers from 2.49 percent.
