Platform has made rate reductions of up to 37 basis points across its two-, three- and five-year fixed rate mortgages at 95% LTV.

As well as this, the intermediary arm of the Co-operative Bank says that certain fixed rate products between 80% LTV and 90% LTV have received cuts of up to 20 basis points along with some two-year fixes between 60% LTV and 75% LTV.

The highlight rate cut is the 95% LTV two-year fix with zero fee, which has been reduced by 37 basis points from 4.11% to 3.74%.

Other rate cuts include the 90% LTV two-year fix with £999 fee, which has had 20 basis points chopped off to give a new rate of 2.84% and the 90% LTV five-year fix with £999 fee, which has been reduced by 4 basis points to 3.31%.

The new prices will take effect on Wednesday 16 June.

Co-operative Bank director of mortgage distribution Fred Sharp says: “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.”

The lender relaunched its 95% LTV products back at the start of May this year.