The new lifetime tracker mortgages are available at 75% and 85% LTV with rates from 2.79%. In another step to encourage movement in the housing market, the bank has also reduced rates on both the lifetime tracker for current account customers and across a number of its fixed rate products.
Product: Lifetime Tracker
- Rate: 2.89%
Fee: £499
LTV: 75%
Reduction: New
- Rate: 3.79%
Fee: £499
LTV: 85%
Reduction: New
Product: Lifetime Tracker(current account exclusive)
- Rate: 2.79%
Fee: £0
LTV: 75%
Reduction: 40bps
Product: 2 year fixed rate
- Rate: 3.29%
Fee: £0
LTV: 60%
Reduction: NEW
Product: 3 year fixed rate
- Rate: 3.59%
Fee: £0
LTV: 60%
Reduction: NEW
- Rate: 3.69%
Fee: £999
LTV: 85%
Reduction: 30bps
- Rate: 4.09%
Fee: £0
LTV: 85%
Reduction: 20bps
Product: 5 year fixed rate
- Rate: 3.99%
Fee: £999
LTV: 85%
Reduction: 20bps
- Rate: 4.19%
Fee: £0
LTV: 85%
Reduction: 30bps
James Hillon, Head of Mortgages at The Co-operative Bank said:
"We remain committed to helping customers who want to move or buy their first home and continue to offer a varied range of mortgages with competitive rates. Our fixed rate products are proving popular but with a base rate rise currently looking distant we also want to help customers wanting to take advantage of this through our new lifetime tracker range."
