Co-op Bank increases buy-to-let rates by up to 1.09%

The Bank has announced that it has made a number of rate increases across its buy-to-let and residential mortgage ranges.

Related topics:  Finance,  Landlords,  BTL
Property | Reporter
13th March 2024
Co Op Bank 1

The largest increases of up to 1.09%, according to the lender, are across its product switch range.

Two, three and five-year fixed-rate buy-to-let products have seen rates raised by up to 1.09%, with residential and Help to Buy switcher rates increasing by up to 0.72%.

New lending

Residential two and five-year fixed rates with a £1,999 fee have increased by up to 0.22%, while three-year fixes with a £999 fee have reduced by up to 0.06%.

Buy-to-let two-year fixed-rate products have risen by up to 0.19% and five-year fixes by up to 0.05%.

The Bank's professional mortgage rates are decreasing by up to 0.14%.

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