Co-operative Bank cuts mortgage rates by up to 0.2%

Posted on Monday, September 21 by Joy Tibbs

The Co-operative Bank has reduced rates on a range of fixed-rate mortgages, with its five-year fixed rate slashed by up to 0.2%.

In addition, its two-year fixed rates have been cut by up to 0.15% and its three-year fixed rates by up to 0.1%.

Highlights include five-year fixed rates starting from 2.49% at 70% loan-to-value (LTV) and two-year fixed rates starting from 1.54% at 75% LTV. Both rates come with a £1,499 fee. The bank’s three-year fixed rates now start from 1.89% at 60% LTV, also with a £1,499 fee.

Other features available include free legals for remortgage customers and £250 cashback for existing Co-operative Bank current account customers.

Stuart Beattie, head of mortgages at The Co-operative Bank, said: “By reducing rates on a range of two, three and five-year fixed-rate mortgages, we maintain our commitment to offer competitively priced products to customers at all stages of the home-buying process.

“Whether they are first-time buyers, home movers or simply looking to remortgage, we have something to suit everyone.”

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