The Co-operative Bank has launched its lowest ever two-year fix and made reductions across its fixed rate mortgage range.

Borrowers can now choose two-year fixes starting from 1.54%, three-year fixes from 2.44% and five-year fixes from 2.94% – all at 60% LTV with a £999 fee.

For those with smaller deposits a wide range of rates are available up to 90% LTV with both £999 and £0 fee options.

Additional features include free legals and valuation on remortgages while existing Co-operative Bank current account customers could also qualify for a £250 cashback on both remortgages and purchases.

Stuart Beattie, head of mortgages at The Co-operative Bank, said: “Understandably, fixed rate mortgages have been the most popular choice for our customers this year and with the launch of our lowest ever two year fix, it’s a great time for those borrowers who are still looking for security against potential future rate increases.

“These reductions to our mortgage fixed rates ensure we continue to give our customers what they want – a great range of competitive products to suit their needs and circumstances – to accompany our continued commitment to offering great service.”