Britannia and Co-operative Bank reduce rates

The Britannia and Co-operative Bank are reducing mortgage rates by up to 0.25% and launching a new range of fixed rate mortgages on Friday.

This includes a five-year fixed-rate mortgage at 4.49% up to 75% LTV. 

There is also a new fee-free option on the two-year fixed-rate mortgage. 

Its two-year fixed rates start at 4.19% for 75% LTV and 4.99% for 85% LTV with no fee.

It is also offering a range of three-year fixed rate mortgages starting from 4.19% fro 75% LTV, with a £999 fee.

John Hughes, business leader for The Co-operative Financial Services, says:  “Our current mortgage range is one of the most competitive in the market, with best buy products for our two, five and ten year fixed range as well as the three-year tracker. Our aim is to offer something to suit everyone’s needs, from fee-free options, to capped products and fixed and variable rates.”