Platform has launched its lowest ever two-year fixed rate for brokers at just 1.64%.

The deal is available for mortgages up to 60% loan-to-value and has a £999 fee.

It also has £250 cashback and a free standard valuation.

Platform, the intermediary mortgage lender of The Co-operative Bank, has also launched other rate reductions of up to 0.40% across its residential two, three and five-year fixed rates.

It’s three-year residential fixed rate now charges 2.19%, down from 2.59% previously.

And its five-year fix is now 2.59%, down from 2.94%.

Both are available for loans up to 60% LTV.

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

Platform offers is a wide range of LTVs, fees and cashback options for borrowers to choose from.