Co-operative Bank re-launches it's 25 year fixed rate mortgage deal - Mortgages - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Co-operative Bank re-launches it's 25 year fixed rate mortgage deal

Co-operative Bank re-launches it's 25 year fixed rate mortgage deal

Category: Mortgages

Updated: 31/10/2008
First Published: 15/11/2007

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

This week sees the re-launch of the Co-operative Bank's 25 year fixed rate mortgage deal, which is available for up to 95% loan-to-value, has an arrangement fee of £599 and charges a fixed mortgage rate of 5.95%. It also offers a free valuation & legal fees for borrowers re-mortgaging.

The Co-operative's 25 year fixed rate mortgage deal is amongst the market leading fixed mortgage rates, and with the added benefit of only a 10-year tie in period, it offers great flexibility. With a below average arrangement fee of £599, the upfront costs of this deal are appealing too.

With over 100 products available to those looking to fix their mortgages for 10 years or more, there is certainly growing choice. With rates not dissimilar to many shorter-term fixed mortgage deals, the true benefit is paying only one upfront fee. But even 10 years is a long-term commitment, and should you need to exit this fixed rate mortgage deal for any reason, the early redemption charges can be costly.

Mortgage best buys - fixed rate mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Homemover numbers fall for first time since 2011

The mortgage market enjoyed a record year in 2016, so it may come as a surprise to hear that the number of people moving home has fallen for the first time in five years, with fewer apparently taking advantage of the market.

2016: the best year for remortgaging since 2009

Remortgaging has certainly seen a surge in activity of late, helped in no small part by the dramatic drop in mortgage rates over the last year, so much so that 2016 as a whole proved to be the best year for the sector since 2009.

Homeowners underestimate remortgaging savings

Remortgaging has been enjoying a surge in popularity in recent months, and considering how much you could save, it’s a no-brainer! Unfortunately, many fail to realise the extent of potential savings, which could mean too few make the switch.