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