The Co-op enhances five-year fixed mortgage - Mortgages - News - Moneyfacts


The Co-op enhances five-year fixed mortgage

The Co-op enhances five-year fixed mortgage

Category: Mortgages

Updated: 19/02/2013
First Published: 19/02/2013

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 It is now over 6 months old so the content may be out of date.

The Co-operative Bank has removed the £999 arrangement fee on its five-year fixed rate mortgage, heightening its appeal to borrowers with deposits of 40% and over.

The basics…

This mortgage offers an attractive rate of 2.79% to 30.4.18 and has a maximum loan-to-value of 60%.

The finer details….

This new look deal no longer has an arrangement fee and has added incentives for remortgage customers of free valuation and legal fees.

Purchase and remortgage customers can borrow between £25,000 and £500,000, whilst a wealth of flexible features including overpayments, underpayments and payment holidays are also offered.

Why we like it….

The combination of a competitive rate, absence of arrangement fee, incentives and flexibility with repayments means this mortgage retains its position as a best buy. Four out of five Moneyfacts Stars have been awarded.

What next?

Search all mortgages
Mortgage repayment calculator
Compare 5 year and over 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 Any products featured may be withdrawn by their provider or changed at any time.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

85% of remortgagors benefit from lower rates

Mortgage rates are among the lowest ever recorded, and in the case of fixed rates, they just keep falling! This means it’s never been cheaper to fix your mortgage rate for the long term, and unsurprisingly, remortgagors are taking advantage.

Does your mortgage lender owe you money?

Earlier this week, the financial watchdog revealed that hundreds of thousands of mortgage holders could have been overcharged by their lender. Are you one of the many who could be in line for a windfall?

Do you think your home will rise in value?

There’s been a lot of talk recently about the rate of house price growth slowing, but is it affecting your personal expectations? According to research, it could be, with fewer people now expecting the value of their property to increase.