The Co-operative Bank is set to make further reductions across its mainstream and buy-to-let mortgage rates, both for new business and those switching.
The changes will take effect from Wednesday 11 October.
In its new business residential range, its 2-, 3- and 5-year fixed rate products will be reduced by up to 0.50%, while its professional mortgage 2- and 5-year fixed rate products will also be reduced by up to 0.50%.
For its new business buy-to-let range, 2- and 5-year fixed rate products will see a reduction of up to 0.40%.
In its product switch range, the Co-operative Bank is set to reduce 2-, 3- and 5-year fixed rate products in its mainstream residential range by up to 0.50%.
The lender also plans to re-introduce a 2-year tracker, along with a reduction across its buy-to-let switcher products of up to 0.40%.
Products will be withdrawn from the Co-operative’s website and all sourcing systems at 5pm tomorrow, on Tuesday 10 October 2023.
