The new lifetime tracker mortgages are available at 75% and 85% LTV with rates from 2.79%. In another step to encourage movement in the housing market, the bank has also reduced rates on both the lifetime tracker for current account customers and across a number of its fixed rate products.
‘We remain committed to helping customers who want to move or buy their first home and continue to offer a varied range of mortgages with competitive rates,’ said James Hillon, head of mortgages at the Co-operative Bank.
‘Our fixed rate products are proving popular but with a base rate rise currently looking distant we also want to help customers wanting to take advantage of this through our new lifetime tracker range,’ he added.
