Co-operative Bank has warned brokers that current rates will be withdrawn at 5pm tomorrow to make way for price increases of up to 41 basis points.

The lender is also trimming rates on some of its deals.

In an email to advisers it says that in its residential range, selected two, three and five year fixed rates will rise by up to 41bps.

Other residential two and five year fixes will decrease by up to 7 bps.

In its professional mortgage range two year fixes will rise by up to 41 bps and five year fixes by up to 33 bps.

There are no pricing changes on its product switch, buy-to-let or help to buy deals. Full details of new rates will follow and these deals will be available from 9am on Monday.