Co-op and Britannia reduce mortgage rates

Monday, 16 May 2011 02:16

Consumers looking to buy their first home or remortgage may be interested in a series of rate reductions and a new product jointly launched by Britannia and the Co-operative Bank.

Individuals can opt for a two-year fixed rate deal at 75 per cent loan-to-value (LTV) with a rate of 3.59 per cent plus a £999 fee.

Alternatively, people may prefer to choose an 85 per cent LTV option for the same period, for the same payment and a 4.39 per cent rate.

Fee-free options are also on offer at 75 per cent LTV and 85 per cent LTV at 4.19 per cent and 4.89 per cent respectively.

"As these rates are aligned across Britannia and The Co-operative Bank it also means that borrowers have even more access to our market-leading rates," said the Co-operative Bank's head of mortgages James Hilton.

He added customers can take advantage of the offers over the telephone, online or by calling in to a branch.

Use the Myfinances.co.uk comparison tools to find the best deal on a mortgage  

• Tags:
• first time buyer mortgage
,
• first time buyers
,
• mortgage
,
• mortgage lending
,
• product news