Platform is making a number of mortgage rate reductions of up to 0.37 percentage points.

Rate reductions will come into effect from Wednesday, 16 June and select three and five-year mortgages between 80-90% LTV also benefit from a £0 product fee and up to £1,000 cashback.

Deals available from Wednesday 16 June include:

•  2 year fixed rate at 0.95% at 60% LTV with a £1,499 fee and £250 cashback available
•  2 year fixed rate at 1.31% at 60% LTV with a £0 fee and £250 cashback available
•  2 year fixed rate at 2.27% at 85% LTV with a £999 fee and £250 cashback available
•  2 year fixed rate at 2.84% at 90% LTV with a £999 fee and £250 cashback available
•  5 year fixed rate at 1.16% at 60% LTV with a £1499 fee and £250 cashback available
•  5 year fixed rate at 2.61% at 85% LTV with a £999 fee and £250 cashback available
•  5 year fixed rate at 3.31% at 90% LTV with a £999 fee and £250 cashback available.

Fred Sharp, director of mortgage distribution at The Co-operative Bank, said: “We’re making interest rate reductions to a number of the mortgages in our range and we are proud to continue to offer competitive deals that are equally good value for home movers and those looking for the best remortgage options with low rates on our range of 60% – 75% LTV mortgage products.

“We are also committed to supporting first time buyers who often need higher LTV lending, with some of our 80-90% LTV products also offering up to £1,000 cashback for borrowers.

“Listening to our brokers has always been a key driver of how we operate at Platform and we’re really glad we’re now offering variation options to help broker manage their customers’ needs in one place.”