Platform has two new buy-to-let mortgage products and has also made changes to the rates of a number of its other products.

The two new products are both fixed-rate with a three-year rate of 5.79% and the two- year at 5.19%. The three products that have reduced rates include a three and a two-year tracker as well as a three-year fixed-rate, making it the second rate cut by the lender in two months.

Lee Gladwell, sales and propositions director at Platform, said: “This reduction in rates across our mainstream range is good news for intermediaries with the introduction of more competitive products.

“Platform is striving to develop a dedicated intermediary mortgage business that puts IFAs at the heart of our product and service proposition, enabling them to deliver an enhanced service to their clients.”

Both of the new mortgage products are available through its panel of intermediaries and come with valuations and free legal fees for remortgages with a reduced application fee of £855.