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Great discounts at the Co-op

Great discounts at the Co-op

Category: Mortgages

Updated: 27/04/2009
First Published: 27/04/2009

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 It is now over 6 months old so the content may be out of date.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 revealed a new discounted variable rate mortgage that wipes the floor with the competition.

A rate of 3.24% represents a 1.00% discount off the standard variable rate and is the lowest available in the whole of Great Britain.

Open to borrowers at 75% loan to value, the fee of £995 may be higher than that attached to some discounted deals in the market.

However, the terrific rate in combination with incentives for remortgages of free legal fees and a free valuation means the product easily ranks amongst best available in its field.

The product has been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.