The lender has become the latest to reduce its mortgage rates, lowering some of its five-year fixed rate deals by as much as 0.2%.
Five-year fixes now start from 2.49% for borrowers with a 30% deposit and come with a £1,499 fee.
Both two and three-year fixes have also been reduced. Rates now include a two-year fix at 1.54%, available up to 75% loan-to-value (LTV), and a 1.89% three-year fix at 60% LTV. These products also come with a £1,499 fee.
The Co-op Bank offers free legals for remortgage customers and £250 cashback for customers who also hold one of its current account products.
Stuart Beattie, head of mortgages at the Co-operative Bank, said the new product range gave borrowers across the market more options.
“By reducing rates on a range of two, three and five-year fixed rate mortgages, we maintain our commitment to offer competitively priced products to customers at all stages of the home buying process. Whether they are first-time buyers, home movers or simply looking to remortgage, we have something to suit everyone,” he said.
