Platform has cut the rates on its fixed rate mainstream mortgages by up to 0.30 percentage points.

The move further signals the commitment of The Co-operative Bank’s dedicated intermediary mortgage lender to the residential mortgage market and the intermediary sector.

New deals include an 85% LTV, two-year fixed rate mortgage with no arrangement fee at 3.90%, a 0.21 percentage point reduction on the previous rate.

There is also a three-year fixed rate at 4.25% (previously 4.45%) or a five-year fixed rate at 4.49% (previously 4.79%) with the same terms.

Platform has also launched a new two-year fixed rate product with rates from 2.55%, with a £950 arrangement fee.

The lender said also reduced buy-to-let rates by up to 0.90 percentage points, with two-year fixed rates starting from 3.49% at 60% LTV with a £2450 fee or 3.99% with a £950 fee.

James Hillon, head of mortgages at the Co-operative Bank, said: “We hope that the rate reductions across both out mainstream and buy to let ranges enable brokers to offer a wide range of competitive products to their customers.

“This is a further commitment from Platform to the intermediary sector and mainstream mortgage market in 2013, where we will continue to develop a range of products that enable brokers to meet the needs of their customers.”