Platform has reduced select two and five year fixed rate mortgage interest rates, for new business and product switches, by up to 0.10 percentage points.

Reductions of 0.10 percentage points have been made to the following fee saver mortgages:

• Two year fixed rate mortgage at 60% LTV is now 1.59% with a £0 arrangement fee
• Five year fixed rate mortgage at 60% LTV is now 2.04% with a £0 arrangement fee

Five year fixed rate mortgage rates have reduced across all fee options for 60%, 70% and 75% LTV, with rates starting at 1.69% with a £1,499 arrangement fee.

Paul Norcott, head of mortgages and insurance, said: “At a time of high levels of mortgage maturities we’re reducing our mainstream rates to offer competitive remortgage deals for our brokers’ clients.

“With fewer upfront costs across our mainstream range, as well as cashback on all fixed rate deals, remortgaging to reduce monthly repayments makes sense.”