The Co-operative Bank has reviewed its mortgage range and extended the end date of its product by two months, with its three-year deal comfortably taking a stand in the Moneyfacts charts.
This deal has a rate of 3.09% fixed until 30.11.18, one of the lowest rates in its sector. It is available at a loan-to-value of 90% and has a fee of £1,499.
This deal is only available to house purchase customers with a modest deposit of 10%. No incentives accompany this mortgage, but borrowers can take advantage of the extensive repayment options: overpayments, underpayments and lump sum withdrawals are all permitted, provided certain conditions are met.
The Co-operative Bank's latest review means that this deal has moved into the spotlight, something that is sure to catch the attention of borrowers with a smaller deposit. The great rate and the highly flexible repayment options make this an attractive deal, although those looking to keep their upfront costs down will need to weigh up the benefits with the cost of the fee.
Moneyfacts rating: Excellent
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