Platform, the intermediary brand of The Co-operative Bank, has launched a new product for qualified professionals.

Applicants will be able to borrow up to 5.5 times their income. The minimum income requirement is set at £35,000 and joint applications are allowed if one of the applicants is a professional.

Accountants, architects, actuaries, barristers, chartered surveyors, dentists, medical doctors, optometrists, pharmacists, solicitors and veterinarians are all classed as professionals and qualifications must align with the relevant registered body and be within the last five years.

At 90 per cent LTV, two-year fixes start at 3.77 per cent and at 85 per cent, 3.09 per cent.

Five-year fixes start at 3.91 per cent for 90 per cent LTV products and, at 85 per cent LTV, 3.27 per cent.

Platform is also changing the stressed interest rate used for its buy-to-let affordability calculations for borrowers applying for a five-year fixed rate product or a pound-for-pound remortgage.

From Monday 1 February the rate will go from 5.5 per cent to 5 per cent.