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

The 95% LTV mortgage range from the intermediary mortgage brand of The Co-operative Bank includes:

• Two year fixed rate at 95% LTV at 3.29% with a £0 fee
• Five year fixed rate at 95% LTV at 3.39% with a £999 fee.

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

Select two and five year fixed rate mortgages over 60-90% LTV are also being reduced by 0.05 percentage points.

Highlights of the mainstream new business product range offered by Platform includes:

• Two year fixed rate at 90% LTV at 2.19% with a £0 fee
• Five year fixed rate at 90% LTV at 2.54% 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, said: “Everyone at Platform is proud that during 2018 we’ve been able to offer greater support for first time buyers.

“As Platform is the intermediary mortgage brand of The Co-operative Bank, Platform is committed to The Co-operative Bank’s unique customer led Ethical Policy. The policy is shaped by more than320,000 customer and colleague views and as part of this research, customers identified mortgages for first time buyers and young people as an area where they wanted to see the Co-operative Bank do more.

“We committed to supporting first time buyers from the outset in January and we have continued to keep our higher LTV products competitive whilst also launching both Help to Buy and 95% mortgages as the year progressed.

“We’ve had a lot to offer first time buyer clients throughout 2018 and ensured that our broker partners are able to source good value mortgages for those looking to take their first step onto the property ladder.”