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- Co-operative Bank for Intermediarieshas cut fixed rates for residential and buy-to-let borrowers, effective from tomorrow .
- It has also withdrawn its five-year fixed rates with a 1,495 fee for home purchase.
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Lenders are expected to react in the coming days to the Bank of England’s latest rate rise by increasing the cost of their mortgage deals and standard variable rates. But some early movers are showing restraint in welcome news for borrowers, writes Jo Thornhill. Virgin has also increased fixed rates for buy-to-let borrowers by up to 0.15 percentage points, with five-year rates starting from 5.05percent. Bank of Ireland is withdrawing residential rates available through brokers under its Bespoke mortgage arm from 6pm today . The Bespoke range offers more flexible criteria than BoI’s standard mortgage range.
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