Platform has reduced interest rates on select 95% LTV mortgages by up to 0.15 percentage points.

The 95% LTV mortgage range from Platform includes:

• Two year fixed rate at 95% LTV at.3.14% with a £999 fee
• Two year fixed rate at 95% LTV at 3.39% with a £0 fee
• Three year fixed rate at 95% LTV at 3.24% with a £999 fee
• Three year fixed rate at 95% LTV at 3.54% with a £0 fee
• Five year fixed rate at 95% LTV at 3.49% with a £999 fee
• Five year fixed rate at 95% LTV at 3.64% with a £0 fee.

All come with £500 cashback and a free standard valuation for purchases.

Select two and five year fixed rate mortgages are also being reduced by up to 0.05 percentage points.

Mainstream new business products now include the following:

• Five year fixed rate at 70% LTV at.1.89% with a £1,499 fee
• Five year fixed rate at 80% LTV at 2.04% with a £1,499 fee
• Five year fixed rate at 70% LTV at 2.14% with a £0 fee
• Five year fixed rate at 75% LTV at 2.14% with a £0 fee.

All come with £250 cashback and a free standard valuation for purchase and remortgage. Free standard legals are also available for remortgage.

In addition, Platform is now able to accept builders’ incentives up to 5% of the purchase price for all new build properties; including Help to Buy applications.

Paul Norcott, head of mortgages and insurance at the Co-operative Bank, Platform’s parent, said: “We continue to offer competitive deals for first time buyers. By lowering the interest rates on our 95% LTV mortgages we are offering our broker partners good value mortgage products when looking for a higher LTV mortgage for their clients, that will enable them to purchase their first home.

“We’re also committed to act on broker feedback which is why we’ve made the change to our policy on builders’ incentives. We’re now able to accept them up to 5% of the purchase price of new build properties and we also continue to offer a competitive range of Help to Buy mortgages to further aid those looking to buy their ideal newly built home.”