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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.

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."

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