Platform has launched a product solely for joint applicants.

The two-year fixed product comes with rates which start at 3.19% up to 70% LTV.

Platform says its underwriting analysis shows that joint mortgages generally perform better than single applicants and that this has been reflected in the pricing of its first joint applicant mortgage.

Although the mortgage is for joint applications there is no requirement for both applicants to be working.

The offer is available for purchases and remortgages and provides free valuation, while standard legal fees are paid on remortgages. It comes with an arrangement fee of £1495 which can be added to the loan, and a non refundable £140 admin cost.

Lee Gladwell, business development director at Platform, said: “Platform’s analysis of its business has shown that mortgages for joint applicants have performed better than those in single names. We believe there is a strong argument for lenders to reflect their actual experience into pricing so that lower risk applicants benefit from lower rates.