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The Co-operative Bank announces fresh round of rate cuts

by Vanya Damyanova
February 20, 2015
Nationwide’s tracker mortgages to cover smaller deposits
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The Co-operative Bank is offering mortgages at fixed rates starting from 1.24 per cent after its latest reduction round.

Mortgage rates houses, arrowsThe is offering from today lower rates on its 60 per cent loan-to-value (LTV) range and is also launching a new two-year offer at 90 per cent (LTV).

 

The new offers include:

  • Two-year fixed rate at 1.24 per cent, up to 60 per cent LTV
  • Three-year fixed rate at 1.88 per cent, up to 60 per cent LTV
  • Five-year fixed rate at 2.24 per cent, up to 60 per cent LTV
  • Two-year fixed rate at 2.69 per cent, up to 90 per cent LTV

All offers come with a product fee of £1,499 and free standard valuation for both purchases and remortgages.  A cashback of £250 is available to existing Co-operative Bank current account customers.

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Customers can also choose from a range of Co-operative Bank mortgages that are fee free or have a £999 product fee. All mortgage rates include the option to make overpayments by up to 10 per cent per year of the outstanding balance without incurring any fees.

Tags: fixed rate mortgagefixed ratesrate cuts
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