"We’re reducing the interest rates on a number of our on sale mortgages to support buyers within all stages of the housing ladder and also offering up to £1,000 cashback on select mortgages"
Available from Wednesday 2nd June, the two-year fixed rate will be available at 0.95% with a £1,499 fee and £250 cashback.
Platform is also introducing a number of rate reductions and is re-introducing its three year fixed rate mortgage options.
A three-year fixed rate at 80% LTV will be available at 2.65% with no fee and £1,000 cashback.
Five-year fixed rates are now available from 1.18% at 60% LTV with a £1,499 fee and £250 cashback.
At 85% LTV, five-year fixed rates start at 2.67% with a £1,499 fee and £250 cashback or 3.15% with no fee and £1,000 cashback.
At 90% LTV, a five-year fix has reduced to 3.35% with a £999 fee and £250 cashback.
Fred Sharp, director of mortgage distribution at The Co-operative Bank, said: “We’re committed to offering competitive deals to borrowers who are in the market for a good value mortgage product for their circumstances.
"We’re reducing the interest rates on a number of our on sale mortgages to support buyers within all stages of the housing ladder and also offering up to £1,000 cashback on select mortgages to help ease the cost of buying a property for aspiring homeowners or home movers.”
