Platform has announced rate cuts on selected higher-rate mortgages.

The intermediary-arm of the Co-operative Bank will launch a two-year fixed-rate loan at 2.94%, down by 26 basis points, at 90% loan to value, with no fee and £250 cashback.

Other highlights include:

A two-year fixed-rate deal at 2.58% at 85% LTV, with no fee and £250 cashback.

And a two-year fixed-rate product at 2.18% at 85% LTV, with a £999 fee and £250 cashback.

The deals launch on Monday 5 July.

The Co-operative Bank director of mortgage distribution Fred Sharp says: “There will inevitably be a significant number of prospective home movers and first-time buyers who were unable to capitalise on the stamp duty moratorium that came to an end yesterday.

“Although the tapering of stamp duty has now come into effect in England, being able to make a lower monthly repayment for their mortgage with a reduced interest rate in place will make homeownership more achievable for many first time buyers.

“We are not only offering extremely competitive mortgage deals in the high LTV lending space but we also continue to offer select high LTV products with no fee and £1000 cashback.”