Platform has launched a range of Help to Buy mortgages with rates starting at 1.54 per cent.
The intermediary arm of the Co-operative Bank has created a selection of two- and five-year fixed deals up to 60 per cent or 75 per cent loan to value.
Available from April 9, the products are for homemovers and first-time buyers, with terms up to 40 years.
Mortgages are either fee-free or will have a £999 arrangement fee, and all offer £500 cashback and a free valuation.
Paul Norcott, head of mortgages at the Co-operative Bank, said: "We continually review our products to ensure we’re offering what clients are looking for from brokers and that we are help intermediaries meet the demand of their customers, especially those wanting to make their initially step on the property ladder and buy their first home."
Deals include a fee-free five-year fix at 2.34 per cent up to 60 per cent LTV and a 1.54 per cent two-year fixed deal with a £999 fee available up to 75 per cent LTV.
Daniel Bailey, principal at mortgage broker Middleton Finance, said extra competition in this part of the market was welcome.
He said: "A free valuation and £500 cashback will help supplement upfront costs for borrowers. I would advise anyone looking at the Help to Buy Scheme to seek independent advice from someone who can explain what the process entails."
