The Co-op lends helping hand to homeowners with new mortgage rates

The Co-operative Bank is offering a helping hand to first time buyers and existing homeowners by launching a wide range of best buy mortgage rates over the next week.

On Friday (October 5) the bank is reducing rates across its 2 year and 5 year fixed mortgages by up to 40 bps. Amongst a wide range of best buy products, customers with a 15% deposit will now be able to access a fee free 2 year fixed rate mortgage at 3.99%, with existing current account customers benefiting from a rate of just 3.59%. For those customers wanting to fix at a low rate for longer, the bank is also offering a best buy 5 year fixed mortgage a 3.99% for borrowing at 85% LTV.

James Hillon, Head of Mortgages at The Co-operative Bank said, "We're committed to offering customers a trusted alternative for high street banking at all stages of their lives and our new mortgage rates have been launched with a wide range of homeowners in mind. Whether they are existing homeowners with lots of equity in their home or a first-time buyer with just a small deposit, customers at all stages of their lives will now have the opportunity to access our best-buy mortgage rates."

For more information, visit co-operativebank.co.uk/mortgages or britannia.co.uk.