The Co-operative runs rings around mortgage rivals - Mortgages - News - Moneyfacts


The Co-operative runs rings around mortgage rivals

The Co-operative runs rings around mortgage rivals

Category: Mortgages

Updated: 26/05/2010
First Published: 26/05/2010

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 It is now over 6 months old so the content may be out of date.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 is running rings around its mortgage rivals with the latest reduction of its mortgage rates.

Its two year fixed rate mortgage has dropped to 2.95%, leaving it level with the best mortgage deals currently available in its market.

The five year version has been cut to 3.99% and is the lowest available in its field.

Both mortgage deals are open to borrowers with a 25% deposit and have a reasonable fee of £999.

Further value for money is provided in the form of incentives for remortgages of free legal fees and valuation.

A flexible option allowing overpayments, underpayments, payment holidays and lump sum withdrawals should also increase the appeal of the products for those with irregular incomes.

One of the best mortgage deals around, the moves mirror changes made by Britannia on its mortgage range, and fully deserve five out of five Moneyfacts stars.

Find the best mortgage rate - Compare best selling 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 Any products featured may be withdrawn by their provider or changed at any time.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.