Platform has launched its lowest ever residential two-year fixed rate mortgage at 1.64%.

It is available for loans up to 60% LTV and comes with a £250 cashback, free standard valuation and a £999 arrangement fee.

The intermediary mortgage lender of The Co-operative Bank has introduced a range of rate reductions of up to 0.40 percentage points across its residential fixed rate mortgages, with three and five-year residential fixes now starting from 2.19% and 2.59% (reduced from 2.59% and 2.94% respectively), for loans up to 60% LTV.

All residential borrowers benefit from a free valuation and those with smaller deposits can take up two, three and five-year fixes at 90% LTV starting from 3.49%, 4.14% and 4.39% (reduced from 3.79%, 4.54% and 4.74% respectively).

Stuart Beattie, head of mortgages at The Co-operative Bank, said: “These latest mortgage rate changes reflect our continued commitment to providing great quality products and services to both brokers and their clients.

“The breath of choice available, in terms of products and features, ensures Platform can meet most borrowers’ mortgages needs.”