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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

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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?

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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 Any products featured may be withdrawn by their provider or changed at any time.

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