The Co-op Bank unveils 5-star mortgage | Product News - Moneyfacts

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The Co-op Bank unveils 5-star mortgage

The Co-op Bank unveils 5-star mortgage

Category: Mortgages
Date: 16/04/2013

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 It is now over 6 months old so the content may be out of date.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 reduced selected rates across its fixed-rate range. Most notable is the new look five-year deal at 85% loan-to-value, which has boosted its position in the long-term mortgage market.

The basics…

This deal offers a rate of 3.39% to 30.6.18 to borrowers with deposits of 15% and over.

The finer details….

A fee of £999 is payable, £150 of which is required upfront, although this fee will not apply to customers who open or hold an existing current account with the Co-op.

Purchase and remortgage customers can borrow a minimum of £25,000. Those remortgaging are also offered the incentives of a free valuation and free legal fees.

This mortgage also offers the flexibility to make overpayments, underpayments and take payment holidays.

Why we like it….

Borrowers looking for a flexible long-term mortgage will be very pleased with this latest deal from Co-op Bank, which offers an all-round competitive package. Five out of five Moneyfacts Stars have been awarded.

What next?

Compare 5 year and over fixed rate mortgages
Mortgage repayment calculator
How much can you borrow calculator

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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