From today, the bank will be launching a range of competitive rates including:
- Fee free 3 year fixed rate products available up to 75% LTV at 3.14% and up to 85% LTV at 3.99%
- A 5 year fix at up to 85% LTV for 3.69% with a fee of £999, or fee-free for existing current account customers
Following reports from Moneyfacts last week that the average arrangement fee has now reached over £1500, the bank continues to buck this trend by offering fee free options across the range.
Commenting on the news, James Hillon, Head of Mortgages for The Co-operative Bank said:
"It's our goal to make it as easy as possible for customers to take out a mortgage. Not only have we made it easier for customers to choose a mortgage by launching a range of market leading rates with fee free options, but all customers also get a dedicated advisor to keep them updated each step of the way."