The renaming of the intermediary brand of The Co-operative is part of the bank’s “transformation and technology upgrade”, which the lender says will help to deliver a customer-focused service and simplify the application journey through its new system, Broker Portal.

The lender says its first new product launch through Broker Portal will give customers a choice of how to repay their mortgage.

Improvements made to the bank’s product line-up include increasing the maximum loan size available on buy-to-let products to £750,000, increasing the maximum loan size at 95% LTV from £350,000 to £500,000 and replacing the two-year tracker with a lifetime tracker.

It will also launch a residential interest-only range today.

The Co-operative Bank director of intermediary distribution Fred Sharp says: “Close alignment to The Co-operative Bank brand is important as we continue to strengthen our position as the original ethical bank and provide consumers with an ethical alternative.

“Our new application system, Broker Portal, will allow both brokers and customers to benefit from more efficient technology and will give us the flexibility to introduce new products and services, such as the residential interest-only mortgages launching today.”