Platform launches lowest ever fix

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

It is included in a range of rate reductions of up to 0.40% across Platform’s residential fixed rate mortgages, with 3 and 5-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.

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.”