Britannia and Co-operative Bank cut mortgage rates

Co-operative Bank cuts mortgages rates

The Co-operative Bank has said this week that it is relaunching its fixed rate mortgage products so it can drop rates by as much as 0.6 per cent.
Co-operative Bank waives mortgage switching fee

The Co-operative Bank is offering homeowners on an interest-only mortgage the chance to switch to a repayment mortgage without incurring the normal £50 fee.

Friday, 19 November 2010 12:00

Mortgage rates offered by Britannia and the Co-operative Bank to first-time buyers have been cut from 6.09 per cent to 5.69 per cent.

The reduction applies to the money lenders' two-year, fixed-rate 90 per cent mortgages, which come with no arrangement fees.

Head of mortgages at The Co-operative Financial Services James Hillon said the decrease will provide a welcome boost to individuals struggling to get on the property ladder.

He added that customers opting for the deals will benefit from a high level of customer service and the flexibility of a number of direct channels of communication, including telephone, branch and internet.

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