Platform has launched a new range of residential mortgage products,with rates now starting from 3.09%.

The new range offers a five-year fixed rate up to 60% LTV at 3.45%, with a £950 arrangement fee. The product is also available at 3.65% if borrowers opt not to pay an arrangement fee.

New deals are as follows:

Platform has also cut rates on its two-year fixed rate product and introduced a new range of rates which come with a £950 arrangement fee:

All products come with free valuation and standard legal fees for remortgages.

James Hillon, head of mortgages at the Co-operative Bank, said: “Platform is committed to supporting intermediaries and their customers by offering a range of products that are fit for purpose and best suit their needs.

“We have found that there is increasingly more appetite for longer term fixed rate products which allow people to budget with more certainty, and have therefore decided to launch the competitively priced five-year fixed rate product for our customers.

“We hope that the suite if mainstream products, which include fixed and tracker options, will enable brokers to offer a comprehensive range of competitive products to their clients.”