Stuart Beattie, head of mortgages at The Co-operative Bank, said: “With our capital position strengthened we are now a stronger bank and are refocusing on the intermediary market, where we plan to take a more active role in 2014.”
Its two-year fixed rates start from 1.89% at 60% LTV with a £999 arrangement fee. The buy-to-let mortgage range includes two-year fixed rates starting from 3.05% at 60% LTV and two-year tracker rates from 2.85%, again at 60% LTV with a £1,999 arrangement fee and a £500 cashback incentive.
Residential rates include:
- 2 Year fixed rates from 1.89%, with a £999 arrangement fee, at 60% LTV
- 3 Year fixed rates start from 2.25%, with a £999 arrangement fee, at 60% LTV
- 5 Year fixed rates start from 2.99%, with a £999 arrangement fee, at 60% LTV
Buy to Let rates include:
- 2 Year fixed rates start from 3.05% with a £1,999 arrangement fee and £500 cashback incentive, at 60% LTV
- 2 Year tracker rates start from 2.85% with a £1,999 arrangement fee and £500 cashback incentive, at 60% LTV
Beattie said: “We are delighted to introduce a range of competitively priced mortgages to the intermediary market, and believe these products will widen the choice brokers can offer their clients and give clients access to great value Co-op mortgages.
At a Tenet Lime conference in January, Co-op’s Colin Welby, head of partnership at the Co-operative Bank said the previously troubled bank planned to double intermediary lending this year.
“In 2014 you will see increased lending coming from the Platform brand. Our strategy is to move back into the mainstream market and we’re looking at doubling our business through you guys, which is not insignificant,” he said.
