The Co-operative Bank is launching a new range of lifetime tracker mortgages in addition to reducing rates across its wider mortgage range.
The new lifetime tracker mortgages are available at 75 per cent and 85 per cent LTV with rates from 2.79 per cent. In another step to encourage movement in the housing market, the bank has also reduced rates on both the lifetime tracker for current account customers and across a number of its fixed rate products.
James Hillon, head of mortgages at The Co-operative Bank said, “We remain committed to helping customers who want to move or buy their first home and continue to offer a varied range of mortgages with competitive rates. Our fixed rate products are proving popular but with a base rate rise currently looking distant we also want to help customers wanting to take advantage of this through our new lifetime tracker range.”
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