Platform has reduced interest rates on all 95% LTV mortgages by up to 0.10 percentage points.

The 95% LTV mortgage range from Platform includes a two-year fixed rate at 3.19% with a £0 fee and a five-year fixed rate at 95% LTV at 3.54% with a £0 fee.

The full range of 95% LTV mortgages comes with £500 cashback and a free standard valuation for purchases.

Select two and five year fixed rate mortgages at 60% and 90% LTV have been reduced by up to 0.10 percentage points.

Highlights of the mainstream new business product range offered by Platform includes a two-year fixed rate at 90% LTV at 2.14% with a £0 fee and a five-year fixed rate at 90% LTV at 2.49% 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.

Paul Norcott, head of mortgages and insurance at The Co-operative Bank, Platform’s parent, said: “We’re pleased to be continuing to offer competitive rates in our highest LTV mortgage products which will continue to benefit first time buyers who often struggle to raise the deposit needed to purchase their first home.

“We introduced new product ranges in 2018 which were in support of first time buyers and this year we want to continue to offer good deals to our broker partners who are working with clients who want to take their first step on to the property ladder.”