The Co-operative Bank has launched a new fixed rate mortgage that should appeal to first time buyers or those with a small deposit.
The New Fixed Rate Mortgage for house purchase only offers a rate of 5.09% to 28 February 2013, a maximum loan-to-value of 90% and a fee of £999.
Alternatively, buyers can pay no fee, but a rate of 6.09% for the term instead.
The rate falls just below the market leader in this field.
The product is also available from Britannia.
Four out of five Moneyfacts stars have been awarded.
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