The Co-operative Bank has revealed a new discounted variable rate mortgage that wipes the floor with the competition. A rate of 3.24% represents a 1.00% discount off the standard variable rate and is the lowest available in the whole of Great Britain. Open to borrowers at 75% loan to value, the fee of £995 may be higher than that attached to some discounted deals in the market. However, the terrific rate in combination with incentives for remortgages of free legal fees and a free valuation means the product easily ranks amongst best available in its field. The product has been awarded four out of five Moneyfacts stars.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.