The Co-operative Bank launches its lowest ever 2-year fix

The Co-operative Bank has made reductions across its fixed rate mortgage range, including launching its lowest ever two-year fix.

Borrowers can now choose two-year fixed rates starting from 1.54 per cent, three-year fixed rates from 2.44 per cent and five-year fixed rates from 2.94 per cent – all at 60 per cent loan-to-value with a £999 fee.

For those with smaller deposits a wide range of rates are available, up to 90 per cent loan-to-value with both £999 and £0 fee options.

Additional features include free legals and valuation on remortgages, while existing Co-operative Bank current account customers could also qualify for a £250 cashback on both remortgages and purchases.

The bank’s head of mortgages Stuart Beattie comments: “Understandably, fixed rate mortgages have been the most popular choice for our customers this year and with the launch of our lowest ever two year fix, it’s a great time for those borrowers who are still looking for security against potential future rate increases.

“These reductions to our mortgage fixed rates ensure we continue to give our customers what they want – a great range of competitive products to suit their needs and circumstances – to accompany our continued commitment to offering great service.”