News
Co-operative Bank to withdraw selected fixed rate mortgages for new business
The changes affect several residential purchase and remortgage products, with no alterations to professional, buy-to-let, or Help to Buy ranges.
Co-operative Bank
News
The Co-operative Bank cuts residential and buy-to-let rates, introduces sub-4% deals
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%
Building Societies
Andrea Melville to lead The Co-operative Bank as chief executive
Andrea Melville has been appointed chief executive of The Co-operative Bank and group chief commercial officer of Coventry Building Society Group, effective June 2025, subject to regulatory approval.
News
Coventry Building Society completes acquisition of The Co-operative Bank
Coventry Building Society has acquired The Co-operative Bank, creating a top-ten UK lender with £89bn in assets. The two organisations will operate separately for now, maintaining customer protections under the Financial Services Compensation Scheme.
Featured
Co-operative Bank says Q1 results “in line with expectations”
The stated that its "multi-year transformation programme [was] materially complete."
News
“Market consolidation set to springboard with Coventry/Co-op merger”, says Phoebus CEO
The financial sector has been told to brace itself for more consolidation in 2024 on the back of news regarding the Coventry Building Society and Co-operative Bank merger.
Lead Story
Co-operative Bank makes changes to mortgage range including 0.41% increases
A number of 2-year, 3-year and 5-year rates will be increased by up to 0.41%.
News
Brokers react to Santander and Co-operative Bank mortgage rate changes
Brokers are sharing their thoughts regarding this latest wave of repricing, and discussing what this may mean for the market at large.
News
Co-operative Bank launches sub-4% mortgage rates
Changes include a new sub 4% 2-year fixed rate product transfer, starting from 3.85%.
News
Co-operative Bank and Coventry Building Society in talks over potential merger
The Co-operative Bank enters exclusive discussions with Coventry Building Society, exploring a merger after strategic review.
News
Aldermore walks away from Co-operative Bank bid after parent’s CEO quits, reports
Aldermore Group has dropped out of the bidding process for the Co-operative Bank, following the unexpected resignation of its parent company's CEO, according to a Sky News report.
Featured
Co-operative Bank reduces mortgage rates by up to 0.47%
Some of the changes include a 2-year fixed rate with £999 fee up to 60% loan-to-value (LTV) at 5.10%.