The Co-operative Bank for Intermediaries has announced rate reductions of up to 19 basis points across a number of its residential mortgage products.

The bank’s rate changes align with wider market shifts and growing signs of stability in the interest rate environment.

The changes apply to both new and existing customers, with headline offers including a two-year fixed rate at 4.10% until 31 December 2027, and a three-year fixed rate at 4.06% to the same date.

Both products are available up to 60% loan-to-value, with a £999 arrangement fee and an optional £250 cashback incentive.

Fred Sharp, director of intermediary distribution at The Co-operative Bank, said the latest changes reflected a more positive tone in the market. “We’re seeing signs that the market is steadily improving and we’re responding with positive changes to our product range.

“Whether purchasing a home or refinancing an existing loan, it’s a great time for brokers to reconnect with clients and help them to take advantage of these new deals,” he said.