The Co-operative Bank cuts mortgage rates

The Co-operative Bank is reducing the rates on its three and five year fixed rate mortgage products, with effect from Monday 15 September.

The new mortgage products retain the same benefits as the original versions, which include, free legals and valuations for remortgages, flexible features including the facility to make overpayments and underpayments and no application fees for the 3 year fixed rate product.

John Barker, Head of Mortgages at The Co-operative Bank comments: "We recognise that in the current economic climate many people are feeling the pinch and we remain committed to providing affordable mortgages. Our three year fixed rate product also has no application fees, which helps those people who are looking to keep their costs down."