Co-operative banks have increased some fixed rate products by 36 basis points, while lowering others by 47 basis points. Lenders are also introducing new green loans.
This comes after Bluestone Mortgages reduced the price of its home offers. 
Highlights of the cooperative changes include:
new business
Residential
Selected 2, 3 and 5 year corrections increase by up to 34bps
Mortgage loans for professionals
Some 2-year and 5-year corrections increase by up to 21bps
buy it and leave it to me
2-year and 5-year fixed interest rates increase by up to 15 bps
retention
Residential
Up to 47bps LTV reduction with 2-, 3-, and 5-year adjustments selected between 80% and 90%
Selected 2-, 3-, and 5-year revisions increase by up to 36 bps
buy it and leave it to me
2-year and 5-year fixed interest rates increase by up to 15 bps
Financial institutions are also introducing dedicated green purchasing loans for properties with an A or B Energy Performance Certificate rating and an LTV of 80% to 95%.
It further adds that for new homes where an energy performance certificate is not available, the bank will accept a predictive energy assessment or a Standard Assessment Procedure assessment from the housing developer or seller.
Meanwhile, rates on standard loans and no-fee-on-purchase loans have fallen by 10bps, with interest rates on 60% LTV mortgages now starting at 6.24%, according to Bluestone.
“These reductions demonstrate our commitment to providing customers who don't meet traditional lending criteria with the solutions they need to make their dreams of homeownership a reality,” said Mark Hollands, Bluestone's head of sales and distribution. It shows our commitment.”
