Platform is cutting interest rates on its 95% LTV mortgage range by up to 0.15 percentage points.
The intermediary mortgage brand of The Co-operative Bank says highlights of the 95% mortgage range offered by Platform include a two-year fixed rate at 95% LTV at 3.09% with a £0 fee and a five-year fixed rate at 95% LTV at 3.44% with a £0 fee.
All 95% LTV mortgages from Platform come with £500 cashback and a free standard valuation (purchase only).
Other select mortgages in Platform’s product range are being reduced by up to 0.05 percentage points, including all Help to Buy mortgage products.
Neil Wyatt, head of intermediary distribution at Platform, said: “We are pleased to be able to offer competitive deals for brokers looking to find the best option for buyers with lower deposits. We are continuing to support first time buyers as we did through last year with this latest product re-price to lower the interest rates that we offer on both our 95% LTV mortgage range and also by making reductions to the interest rates of our Help to Buy mortgages.
“This year we are also continuing with our support of youth homelessness charity Centrepoint who we have been in partnership with since May 2017. Across The Co-operative Bank, with the support of colleagues and our customers, we have raised more than £1 million which has been used to fund some of the vital and important work Centrepoint carries out across the UK to benefit vulnerable young people in crisis.”
