More rate cuts

The highlight of the new range is a 5 year fixed-rate mortgage at 4.49% up to 75% loan to value (LTV). There is also a new fee-free option on the already popular two-year fixed-rate mortgage. The current two-year fixed rate (£999 fee) and 10 year fixed-rates (fee-free and £999 fee) also remain available.

John Hughes, business leader for The Co-operative Financial Services commented, "Our current mortgage range is one of the most competitive in the market, with best buy products for our two, five and ten year fixed range as well as the three-year tracker. Our aim is to offer something to suit everyone's needs, from fee-free options, to capped products and fixed and variable rates."

The mortgage rates are aligned across Britannia and The Co-operative Bank.