The Co-operative Bank for Intermediaries will cut rates across its residential, remortgage and landlord home loans by up to 50 basis points from tomorrow (11 October). 

The newly rebranded unit says its residential range for new borrowers will see two-, three- and five-year fixed-rate products reduced by up to 50bps. 

Its professional mortgage two- and five-year fixed-rate offers will also come down by up to 50bps. 

The lender’s new business buy-to-let two- and five-year fixed-rate deals will be cut by up to 40bps. 

In the firm’s switching range, its two-, three- and five-year fixed-rate mainstream residential loans, will be reduced by up to 50bps. 

The business will also reintroduce two-year trackers, along with reductions across its BTL switcher products of up to 40bps. 

It says that affected products will be withdrawn from the firm’s website and all sourcing systems at 5pm today (10 October). 

Last month, the business rebranded from its old Platform name. 

The bank said the move is part of its “transformation and technology upgrade,” which the lender said will simplify applications through its new system, Broker Portal.