Platform is making rate reductions of up to 0.26 percentage points on Monday 5 July 2021.
Highlights of the new range include:
- 2 year fixed rate at 2.94% at 90% LTV with a £0 fee and £250 cashback available
- 2 year fixed rate at 2.58% at 85% LTV with a £0 fee and £250 cashback available
- 2 year fixed rate at 2.18% at 85% LTV with a £999 fee and £250 cashback available
Fred Sharp, director of mortgage distribution at the Co-operative Bank, said: “There will inevitably be a significant number of prospective home movers and first time buyers who were unable to capitalise on the Stamp Duty Moratorium that came to an end yesterday.
“Although the tapering of Stamp Duty has now come into effect in England, being able to make a lower monthly repayment for their mortgage with a reduced interest rate in place will make home ownership more achievable for many first time buyers.
“We are not only offering extremely competitive mortgage deals in the high LTV lending space but we also continue to offer select high LTV products with a £0 fee and £1000 cashback.”
