The Co-operative Bank reduces fixed rates

The Co-operative Bank has re-launched its fixed rate mortgage, seeing rates cut by as much as 0.6 per cent (60 basis points). The range also includes various options for those buying a home for the first time or looking to re-mortgage. Fixed rate products range from 75 per cent to 90 per cent LTV and there are also fee free options available to customers.

James Hillon, head of mortgages at The Co-operative Bank commented: “With the Eurozone crisis seeing a wave of lenders pushing up mortgage rates we’re committed to bucking this trend and encouraging movement in the housing market. In addition to lowering our rates again, we’re also supporting both new and existing homeowners through the varied LTV and fee free options across our product range.”