"At a time when there is renewed focus on the difficulties people in the UK are facing to get onto the property ladder we hope that our new mortgage range will be a welcome addition"
From Monday, all two-year fixed rates will be reduced by up to 0.15%, all three-year fixed rates by 0.35% and all five-year fixed rates by up to 0.25%.
Highlights include a five-year fixed rate at 2.14% up to 60% LTV with a £1,999 product fee and £500 cashback.
Platform is also launching a range of 95% LTV residential mortgages, including two, three and five-year fixed rates, all with two fee options, available up to a maximum loan amount of £350,000.
Highlights include a five-year fixed rate at 3.49% with a £999 product fee or 3.74% with no product fee.
All of Platform’s 95% LTV mortgages will be available with £500 cashback and the first standard valuation will be free for borrowers.
Other product changes taking place from Monday include rate reductions of between 5 and 10bps for purchase and remortgage products.
Paul Norcott, head of mortgages and insurance at The Co-operative Bank, said: “We’re pleased to be able to continue to support first time buyers and those who are finding it difficult to save a bigger deposit to buy a home.
"At a time when there is renewed focus on the difficulties people in the UK are facing to get onto the property ladder we hope that our new mortgage range will be a welcome addition to the market and our broker partners will be able to find a suitable option for their clients who need higher LTV mortgage options."
