The Co-operative Bank and Britannia 'halve mortgage fees'

Britannia and Co-operative Bank cut mortgage rates

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.
Britannia and Co-operative Bank launch 90% LTV mortgages

Britannia and The Co-operative Bank have announced the addition of 90 per cent loan-to-value options for several of their mortgages.

Wednesday, 23 June 2010 12:00

Rates have been reduced and fees halved on some of the Co-operative Bank and Britannia's mortgage ranges.

The cuts relate to the 90 per cent loan-to-value fixed-rate products.

A new initial rate of 4.99 per cent has been brought in on the two-year fixed-rate deal, while a 5.89 per cent initial rate has been placed on the five-year fixed-rate option.

The changes come into effect from Friday June 25th.

James Hillon, function leader of mortgages at the Co-operative Financial Services, said the organisation aims to support mortgage customers and added: "These reductions in both rates and fees will provide a welcome boost for first-time buyers and home movers."