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THE CO-OPERATIVE BANK’S TWO YEAR FIXED RATE MORTGAGE AT 90 PER CENT LTV IS THE LOWEST RATE IN THE MARKET

  • Two year fixed rate deal at 1.94 per cent at 90 per cent LTV with a £1,499 fee

The Co-operative Bank is today extending the terms of its mortgage range, including its market leading two year fixed rate mortgage at 1.94 per cent at 90 per cent LTV.    

Paul Norcott, Head of Mortgages at The Co-operative Bank, said: “We are delighted to be starting the year by extending the availability of some really competitive mortgage deals. Taking out a mortgage for the first time is a big step and we’re proud to be offering a great deal for those looking to get on to the property ladder at the start of 2017.

“For those looking to remortgage we’ve also got a selection of low rates and those taking out a new low-rate deal can make significant savings on their monthly mortgage payments.”

Pick of The Co-operative Bank’s mortgage deals:

  • Two year fixed rate at 1.49 per cent at 80 per cent LTV with a £1,499 fee
  • Two year fixed rate at 1.54 per cent at 85 per cent LTV with a £1,499 fee
  • Two year fixed rate at 1.94 per cent at 90 per cent LTV with a £1,499 fee
  • Three year fixed rate at 2.64 per cent at 90 per cent LTV with a £1,499 fee
  • Five year fixed rate at 2.94 per cent at 90 per cent LTV with a £1,499 fee

At the end of the fixed rate period all products revert to the Bank’s Standard Variable Rate (SVR), which is currently 4.49 per cent.

For full details of The Co-operative Bank mortgage range please visit:

www.co-operativebank.co.uk/mortgages.

-ENDS-

Notes to editors

Rates correct as at 9am on Friday 13th January 2017

About The Co-operative Bank
The Co-operative Bank plc provides a full range of banking products and services to around 4.4 million retail and SME (Small and Medium Sized Enterprises) customers.  The Bank is committed to values and ethics in line with the principles of the co-operative movement.

The Co-operative Bank is the only high street bank with a customer-led ethical policy which gives customers a say in how their money is used.  Launched in 1992, the Policy has been updated on five occasions, with new commitments added in January 2015 to cover how the Bank operates its business, products and services, workplace and culture, relationships with suppliers and other stakeholders and campaigning.