The Co-operative Bank has reduced selected residential mortgage rates by up to 0.10% and buy-to-let rates by up to 0.12%, thus introducing options for borrowers with rates under 4%.
Among the new deals is a 2-year fixed rate at 80% loan-to-value (LTV), priced at 3.97%.
The product is available on loans starting from £750,000 and carries a £1,999 fee.
For residential remortgage customers, the bank is offering a 2-year fixed rate at 3.85% up to 60% LTV, with a £999 fee.
Fred Sharp, director of intermediary distribution at The Co-operative Bank, said: “It’s great to see sub-4% rates are becoming more of a permanent fixture in the market.
“We hope brokers can take this opportunity to support their clients, whether they are looking to remortgage or buy a new home.”
