Co-op Bank for Intermediaries cuts mortgage rates by up to 1.07%

Rates in the range now start from 3.89%.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
5th January 2024
co-op bank
"We’re continuing to keep our range under review in order to offer good value deals to support our customers via our broker partners."
- John Ward, director of product at The Co-operative Bank

The Co-operative Bank for Intermediaries has launched a new product range, which includes reductions on two, three and five-year fixed rates of up to 1.07%.

Available from Tuesday 9th January, the new range includes two-year fixed rates from 4.34% at 80% LTV with a £999 fee and from 5.18% at 95% LTV with no fee, both with £250 cashback.

A three-year fix at 80% LTV is launching at 4.33% with a £999 fee and £250 cashback.

Five-year fixed rates now start from 3.89% at 60% LTV with a £999 fee and £250 cashback and from 4.28% up to 90% LTV with no fee and £500 cashback available.

Platform, the intermediary lender of The Co-operative Bank, rebranded to become The Co-operative Bank for Intermediaries in September last year.

John Ward, director of product at The Co-operative Bank, said: “We’re pleased to be able to launch these competitive rates to support homeowners to get the best possible deal on their mortgage. We’re continuing to keep our range under review in order to offer good value deals to support our customers via our broker partners.”

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.