Platform, the intermediary mortgage brand of the Co-operative Bank, is reintroducing five year fixed rate 90% LTV mortgages.

Details of Platform’s 90% LTV mortgages are as follows:

• 3.79% five-year fixed rate at 90% LTV with a £999 fee and £250 cashback available
• 3.99% five-year fixed rate at 90% LTV with a £0 fee with £250 cashback available

As well as reintroducing mortgage products back into the range, Platform is also adjusting the LTV that its maximum income multiplier can be considered, it will now apply up to 75% LTV instead of up to 80% LTV previously.

Carolyne Gregory, director of retail lending at the Co-operative Bank, said: “We have seen unprecedented volumes of mortgage applications in recent months and we are carefully managing the support and service we offer our customers. We are working hard to process existing applications and we have now taken the decision to reintroduce 90% LTV products back into our range as we know that there is a consumer demand for higher LTV mortgages.

“We are continuing to monitor the wider market and will keep our product offering and rates in review to ensure our new mortgage products, and our remortgage and product switch options remain competitive in what continues to be a challenging time for consumers.”