Co-op slashes rates

The lowest rate available will be on the Co-operative’s 3-year fixed rate at 3.49% available at 75% loan to value with a fee of £999.

The biggest rate cut is on its 5-year fixed rate at 5.39% with no fee available at up to 90% LTV, a cut of 0.6%.

James Hillon, head of mortgages at the Co-operative Bank, said: “With the eurozone crisis seeing a wave of lenders pushing up mortgage rates we're committed to bucking this trend and encouraging movement in the housing market.

“In addition to lowering our rates again, we're also supporting both new and existing homeowners through the varied LTV and fee free options across our product range.”