The Co-operative Bank for Intermediaries will cut selected residential rates by up to 47 basis points tomorrow (18 October), giving it a sub-5% home loan. 

Highlights of its reductions include: 

• Two-year fixed-rate deals with a £999 fee, up to 60% loan to value, at 5.10% 
• Three-year fixed-rate offers with a £999 fee, up to 60% LTV, at 5.09% 
• Five-year fixed-rate loans with a £999 fee, up to 60% LTV, at 4.92% 

The lender adds that key reductions among its large loan mortgages, for a minimum of £650,000, include: 

• Two-year fixed-rate deals with a £1,999 fee, up to 60% LTV, at 5.04% 
• Five-year fixed-rate loans with a £1,999 fee, up to 60% LTV, at 4.86% 

The firm says these mortgages include a free basic valuation, free basic legals for remortgages (excluding unencumbered properties) and £250 cashback (unless otherwise stated).