The Co-operative Bank
The Co-operative Bank for Intermediaries

The Co-operative Bank

We are The Co-operative Bank for Intermediaries.

We're not like other mortgage lenders. We're the only UK high street bank with a customer-led Ethical Policy, giving customers a real say in how we do things. Because unlike a lot of businesses, we haven't just developed an ethical approach, we've had one from the very start.

Previously called Platform, we've worked in the intermediary mortgage market for over 20 years. Everything we do is with broker feedback at the heart of it, designed to help your mortgage applications run smoothly. As well as expert advice whenever you need it, we put a wide range of online broker tools at your disposal.

But, for many, it's our ethical approach that sets us apart. As well as offering the excellent mortgage support you need, we're also committed to ending youth homelessness with Centrepoint. So thanks to you, for every mortgage you complete with us, we'll make a donation towards tackling youth homelessness and funding the Centrepoint Helpline (terms apply).

Ethical then, now and always.

Proc Fees

Product Gross Net
Mainstream 0.40% 0.37%
BTL 0.48% 0.43%
Retentions & Further Lending (Port/FA) 0.30% 0.28%
Product Type When does the lender pay PMS? Frequency
New Business

Marked as completed 7 calendar days after funds are released , the proc fee is then paid the week after paid the week after switching unless it switches on a Friday and then it’s the week after that

Weekly.
Product Transfer Marked as completed 7 calendar days after funds are released , the proc fee is then paid the week after paid the week after switching unless it switches on a Friday and then it’s the week after that Weekly.

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  


Key Features

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    Common sense approach to lending criteria

     
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    Ethical mortgages from the original ethical bank

     
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    Expert and friendly BDMs accessible across the UK

     
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    The only UK bank with a customer-led Ethical  Policy

     

Overview

Post Code Restrictions: Lender-InfoBoxWhite

Northern Ireland is restricted to product transfers only.

Register Lender-InfoBoxWhite

Register to place business with Platform:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

Register

New mortgage customer applications and existing mortgage customer product switch applications will be eligible for a £5 donation, on completion of the mortgage or product switch (as the case may be). Transactions relating to existing mortgages including a further advance, porting of an existing mortgage or change of borrower, are not eligible for the Centrepoint charity donation at this time. The Bank will make a payment to Centrepoint quarterly, for eligible completions during the previous quarter.

The £5 donation will be made for each eligible mortgage sold through direct and intermediary channels i.e. it applies to Co-operative Bank, Britannia and Platform branded mortgages. Britannia and Platform are trading names of The Co-operative Bank p.l.c. The Bank reserves the right to change or withdraw the donation arrangement at any time.

Centrepoint is a registered charity in England and Wales, No. 292411.

 

 

 

 

 

 

Tools & Calculators

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