This includes a five-year fixed rate at 90 per cent LTV with £1,999 fee and £250 cashback, which has gone from 2.16 per cent to 2.14 per cent. Its no-fee version with £500 cashback has fallen from 2.68 per cent to 2.43 per cent.
Its no-fee two-year fixed rate at 95 per cent LTV has fallen from 2.73 per cent to 2.56 per cent. It also comes with £250 cashback.
The lender’s no-fee three-year fixed rate at 90 per cent LTV has decreased from 2.68 per cent to 2.43 per cent. It has £500 cashback.
Platform has also brought back a range of two, three and five-year fixed rate deals between 60 and 75 per cent LTV with a £99 fee, along with no-fee five-year fixed rate deals between the same LTVs.
Fred Sharp, director of mortgage distribution at The Co-operative Bank, said: “We have been carefully reviewing our range of on sale mortgages since the start of 2022 and we are keen to support those aspiring to own their own home this new year who have a lower proportion of deposit to fund their purchase, this is why we’ve announced rate reductions to a number of our higher LTV mortgages today.
“Following the Bank of England Base Rate rise to 0.25 per cent so close to the end of last year we’re continuing to review the products we have available to our broker partners as we move closer to the next MPC decision on 2 February.”
Clydesdale Bank cuts 85 to 95 per cent LTV products
Clydesdale Bank has reduced the rates of high loan to value products from 85 to 95 per cent LTV by up to 0.12 per cent.
Some residential two-year fixed rates at 95 per cent LTV cut by up to 0.1 per cent.
Select residential two and five-year fixed rates at 90 per cent LTV have fallen by up to 0.12 per cent.
Residential two and five-year fixed rates at 95 per cent LTV have decreased by up to 0.1 per cent.
The lender also confirmed that as of 5 January its Standard Variable Rate has gone up 4.49 per cent, its offset variable rate has moved to 4.7 per cent and its offset variable investment housing loan rate has increased to 5.1 per cent.