The Co-operative Bank has today announced a reduction across it fixed-rate mortgage range of up to 0.2 percentage points.
Highlights include five-year fixed rates now starting from 2.49 per cent at 70 per cent loan-to-value (LTV) and two-year fixed rates starting from 1.54 per cent at 75 per cent LTV.
Three year fixed rates now start from 1.89 per cent at 60 per cent LTV.
All products come with a £1,499 fee. At the end of the fixed rate period all products revert to the Bank’s Standard Variable Rate (SVR), which is currently 4.74 per cent.
Stuart Beattie, Head of Mortgages 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.”
The new deals include:
Two-year fixed rates:
- £1,499 fee option starts from 1.54% (4.3% APR) at 75% LTV
- £999 fee option starts from 1.74% (4.3% APR) at 75% LTV
- £0 fee option starts from 2.54% (4.4% APR) at 75% LTV
Three-year fixed rates:
- £1,499 fee option starts from 1.89% (4.2% APR) at 60% LTV
- £999 fee option starts from 2.09% (4.2% APR) at 60% LTV
- £0 fee option starts from 2.94% (4.4% APR) at 60% LTV
Five-year fixed rates:
- £1,499 fee option starts from 2.49% (4.0% APR) at 70% LTV
- £999 fee option starts from 2.59% (4.0% APR) at 70% LTV
- £0 fee option starts from 3.09% (4.2% APR) at 70% LTV
Other features available include free legals for remortgagers1 and £250 cashback for existing Co-operative Bank current account customers. Rates have also been reduced on higher LTV bands.
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