UK-based Co-operative Bank has launched a new tracker mortgage range which includes a three- and five-year tracker.

The three-year tracker mortgage is for current account holders of the Co-operative Bank at 3.99% variable for loan to value (LTV) up to 60%; early repayment charges apply for the first three years; 75% LTV version is also available; maximum loan size is GBP 500,000; and has no application fee.

The range includes a five-year tracker mortgage at 3.79% variable for LTV up to 60%; 75% LTV version is also available; maximum loan size is GBP1 million; and application fee is GBP995.

Terry Jordan, head of mortgages at The Co-operative Bank, said: These new tracker products offer customers the option to take out a competitive tracker mortgage and also take advantage of the flexible features, including overpayments, underpayments and payment holidays that are included as standard with these products.

These mortgages also form part of our range of green mortgages and as a result customers can benefit from a number of positive environmental features which include an annual donation to ClimateCare to offset around a quarter of an average home’s carbon dioxide emissions each year for the lifetime of the mortgage.