4-star review for reduced 3-yr fixed rate mortgage | Product News - Moneyfacts

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4-star review for reduced 3-yr fixed rate mortgage

4-star review for reduced 3-yr fixed rate mortgage

Category: Mortgages
Date: 12/12/2014

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 It is now over 6 months old so the content may be out of date.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 amended its fixed rate mortgage offerings and reduced its three-year deal by 0.10%, helping it retain its place in the Moneyfacts charts.


The basics…

This deal now has a competitive rate of 3.99% fixed until 31.3.18, available at a loan-to-value (LTV) of 90%. Absolutely no fees are payable.


The finer details…

This mortgage is only available to house purchase customers with a 10% deposit, making it an ideal mortgage for first-time buyers or homemovers.

Along with no fee, borrowers can benefit from a great deal of repayment flexibility with overpayments, underpayments and payment holidays all permitted provided certain conditions are met.


Why we like it…

This deal was already a Moneyfacts best buy, but this latest rate decrease has shored up its position in the charts. Along with a competitive rate, this mortgage also boasts low set-up costs with no fees payable, so is bound to appeal to first-time buyers or other borrowers with only small deposit.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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