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The Co-operative Bank launches new lifetime tracker mortgages

15th February 2012 Print

The Co-operative Bank is launching a new range of lifetime tracker mortgages this Friday (February 17) in addition to reducing rates across its wider mortgage range.

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.

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."

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