The 95% LTV mortgages will be available over a two or 5-year fixed term and with a range of product fee options including £0 product fees, and all 95% LTV products come with £250 cashback.

The 2-year fixes are available at 3.61%, 3.77% and 4.11% with fees of £1,499, £999 and £0 respectively.

Rates start at 3.93% for the 5-year fixes rising to 3.99% and 4.13% dependent on the fees which are in line with the 2-year fixes.

Carolyne Gregory, director of retail lending at The Co-operative Bank, said: “We are really glad to be re-launching our 95% LTV mortgage range to the market, adding more options to our range in support of aspiring homebuyers who can only afford to realise their goal of owning a home with a 5% deposit.”

As well as relaunching 95% LTV options into its mortgage range, Platform is also adding more 5-year fixed rate mortgage options and making rate reductions across a number of its products including reductions of up to 0.12% to its Professional Mortgage range.

Additional lending criteria changes that come into effect from 10 May include the acceptance of stipend/benevolence income as an acceptable income source to support the mortgage application and an increase to residential application LTV limits for capital raising and debt consolidation from 75% to 85%.

Gregory added: “Although we have been able to maintain high LTV options with our 90% products and Professional Mortgage range we have seen demand for this additional LTV band and we have come back to market with competitive 95% LTV mortgages whilst ensuring we’re able to offer responsible and sustainable lending.