3-yr fixed rate mortgage steps into the charts | Product News - Moneyfacts

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3-yr fixed rate mortgage steps into the charts

3-yr fixed rate mortgage steps into the charts

Category: Mortgages
Date: 11/09/2015

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 It is now over 6 months old so the content may be out of date.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

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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