Platform is bringing back a number of 80 per cent loan-to-value deals for homebuyers in England tomorrow.

The intermediary arm of The Co-operative Bank previously lent up to 95 per cent LTV before the coronavirus lockdown put a stop to physical valuations, but had to scale back lending.

Platform has now relaunched some higher LTV deals, including for those purchasing new builds.

The new deals for borrowers with a 20 per cent deposit include a two-year fixed at 1.59 per cent with a £999 fee and £250 cashback.

In the same LTV tier it is offering a three-year fixed or a five-year fixed both priced at 1.89 per cent also with with a £999 fee and £250.

The lender has alternative options with a higher rate and a lower £299 fee or no fee at all.

Platform head of intermediary business Fred Sharp says: “We are glad to reintroduce lending at a higher LTV for those homebuyers that need more lending to help with their home purchase aspiration.

“As we await further guidance on offering these types of products to the rest of the UK, these reintroduced products will be limited to homebuyers looking purchase homes in England.

“We are working on reintroducing further products back into our range in the coming weeks and we will continue to keep our corporate partners and network of brokers updated on any changes to our range of available mortgages.”