The Co-operative Bank has raised selected fixed-rate products by 36 basis points, while cutting others by 47bps. The lender also introduces new green loans.

This comes as Bluestone Mortgages trims prices on its residential offers.

Highlights of the Co-op changes include:

New business  

Residential

Selected two-, three and five-year fixes increased by up to 34bps

Professional mortgages

Selected two- and five-year fixes increased by up to 21bps

Buy to Let

Two- and five-year fixes increased by up to 15bps

Retention

Residential

Selected two-, three and five-year fixes between 80% – 90% LTV decreased by up to 47bps

Selected two-, three and five-year fixes increased by up to 36bps

Buy to Let

Two- and five-year fixes increased by up to 15bps

The lender also introduces a green purchase-only loan for properties with an energy performance certificate rating of A or B, ranging from 80% LTV to 95% LTV.

It adds that for new build homes where an energy performance certificate may not be available, the bank will accept a predicted energy Assessment, or standard assessment procedure rating from the housing developer, or vendor.

Meanwhile, Bluestone says rates for its standard and purchase fee-free loans are down by 10bps, with rates now starting at 6.24% for a 60% LTV mortgage.

Bluestone head of sales and distribution Mark Hollands says: “These reductions demonstrate our commitment to providing customers who do not fit the traditional lending criteria with the solutions they need to make their homeownership dreams a reality.”