Platform has cut the interest rate of its five-year fixed rate Help to Buy mortgages by 0.10 percentage points.

The lender’s Help to Buy range is available up to a maximum 75% LTV and over a maximum term of 40 years for both first time buyers and homeowners.

Platform’s Help to Buy mortgages are available at either 60% or 75% LTV and are fixed for either a two or five year term. Products either have a £999 arrangement fee with no administration fee or are fee free for borrowers.

Deals now include the following:

• 2.04% five year fixed rate mortgage at 60% LTV with a £999 arrangement fee
• 2.09% five year fixed rate mortgage at 75% LTV with a £999 arrangement fee
• 2.24% five year fixed rate mortgage at 60% LTV with a £0 arrangement fee
• 2.29% five year fixed rate mortgage at 75% LTV with a £0 arrangement fee.

All of Platform’s Help to Buy mortgages are available with £500 cashback and free mortgage valuation.

Neil Wyatt, head of intermediary distribution for Platform, said: “At Platform we’re continuing to support the first time buyer market by reducing select interest rates within our already competitive Help to Buy mortgage range.

“We are working with more and more broker partners as they look for the best value deal for their clients looking to buy their first home and we will continue to support and service brokers looking to place a Help to Buy mortgage with Platform.”