The Co-operative Bank to cut its SVR by 0.25%

Following changes to the Bank of England Base Rate, The Co-operative Bank will be passing on the full benefit of the base rate reduction to its mortgage customers, by cutting its standard variable rate (SVR) by 0.25% to 6.99%.

This change will be effective from 14 April 2008 for new customers and 1 May 2008 for existing customers.

All the rates on our tracker and discount mortgages will receive the full reduction of 0.25%

For more information about The Co-operative Bank's mortgage range please visit co-operativebank.co.uk/mortgages