Fixed rates
With our fixed rate mortgages you know exactly how much your monthly repayments will be, no matter what happens to the Bank of England Base Rate. So, if you're looking to keep a tight control of your monthly outgoings, one of these products could be perfect for you.
With our fixed rate mortgages your repayments will stay fixed so you know exactly what you'll pay every single month. After this period your mortgage will switch to our Standard Variable Rate currently 4.24% .
With this mortgage you can also apply:
- to make overpayments to reduce the term of your mortgage
- to make underpayments to reduce the amount of your monthly repayments for up to 6 months
- to take a payment holiday for up to 6 months
If you are switching your existing mortgage to us, we'll also pay your standard legal fees and basic valuation fees for you (remortgagers) if you use our recommended solicitors and surveyors
Rest assured this mortgage is also portable so should you want to move before your term has finished you can simply take your current mortgage to your new home. Subject to The Co-operative Bank's Lending Criteria.
Rates
| Mortgage | Initial Rate/Period | Standard Variable Rate Thereafter | Overall cost for comparison (APR) | Application Fee | Early Repayment Charges | Exit Fee |
|---|---|---|---|---|---|---|
| 2 Year Fixed Rate Fixed until 30/06/2012 |
4.49% (fixed) until 30/06/2012 |
Our Standard Variable Rate currently 4.24% | 4.5% | £999 (including a £150 booking fee*) | These will apply for 2 Years | £140 |
| 3 Year Fixed Rate Fixed until 30/06/2013 |
5.44% (fixed) until 30/06/2013 |
Our Standard Variable Rate currently 4.24% | 4.7% | £999 (including a £150 booking fee*) | These will apply for 3 Years | £140 |
| 3 Year Fixed Rate - No Application Fee Fixed until 30/06/2013 |
5.94% (fixed) until 30/06/2013 |
Our Standard Variable Rate currently 4.24% | 4.8% | £0 | These will apply for 3 Years | £140 |
| 5 Year Fixed Rate Fixed until 30/06/2015 |
5.79% (fixed) until 30/06/2015 |
Our Standard Variable Rate currently 4.24% | 5.1% | £999 (including a £150 booking fee*) | These will apply for 5 Years | £140 |
| 5 Year Fixed Rate - No Application Fee Fixed until 30/06/2015 |
6.09% (fixed) until 30/06/2015 |
Our Standard Variable Rate currently 4.24% | 5.1% | £0 | These will apply for 5 Years | £140 |
| Mortgage | Initial Rate/Period | Standard Variable Rate Thereafter | Overall cost for comparison (APR) | Application Fee | Early Repayment Charges | Exit Fee |
|---|---|---|---|---|---|---|
| 2 Year Fixed Rate Fixed until 30/06/2012 |
3.19% (fixed) until 30/06/2012 |
Our Standard Variable Rate currently 4.24% | 4.2% | £999 (including a £150 booking fee*) | These will apply for 2 Years | £140 |
| 3 Year Fixed Rate Fixed until 30/06/2013 |
4.39% (fixed) until 30/06/2013 |
Our Standard Variable Rate currently 4.24% | 4.4% | £999 (including a £150 booking fee*) | These will apply for 3 Years | £140 |
| 3 Year Fixed Rate - No Application Fee Fixed until 30/06/2013 |
4.89% (fixed) until 30/06/2013 |
Our Standard Variable Rate currently 4.24% | 4.5% | £0 | These will apply for 3 Years | £140 |
| 5 Year Fixed Rate Fixed until 30/06/2015 |
4.74% (fixed) until 30/06/2015 |
Our Standard Variable Rate currently 4.24% | 4.6% | £999 (including a £150 booking fee*) | These will apply for 5 Years | £140 |
| 5 Year Fixed Rate - No Application Fee Fixed until 30/06/2015 |
5.04% (fixed) until 30/06/2015 |
Our Standard Variable Rate currently 4.24% | 4.7% | £0 | These will apply for 5 Years | £140 |
| 10 Year Fixed Rate Fixed until 30/06/2020 |
5.29% (fixed) until 30/06/2020 |
Our Standard Variable Rate currently 4.24% | 5.2% | £999 (including a £150 booking fee*) | These will apply for 10 Years | £140 |
| 10 Year Fixed Rate - No Application Fee Fixed until 30/06/2020 |
5.49% (fixed) until 30/06/2020 |
Our Standard Variable Rate currently 4.24% | 5.2% | £0 | These will apply for 10 Years | £140 |
* Non refundable payable on return of your application. £849 added either to your mortgage or paid on completion.
Application Fee
You can pay this fee when your mortgage completes or you can add it to your mortgage. If you choose to add this fee to your mortgage you will be charged interest on it during the term of the mortgage.
Early Repayment Charges
2 Year Fixed Rate Mortgage
Additional payments over 10% of balance ore redemption in first 2 Years:
- 2% Until 30.06.2011
- 1% from 01.07.2011 to 30.06.2012
3 Year Fixed Rate Mortgage
Additional payments over 10% of balance or redemption in first 3 Years:
- 3% Until 30.06.2011
- 2% from 01.07.2011 to 30.06.2012
- 1% from 01.07.2012 to 30.06.2013
5 Year Fixed Rate Mortgage
Additional payments over 10% of balance or redemption in first 5 Years:
- 5% Until 30.06.2011
- 4% from 01.07.2011 to 30.06.2012
- 3% from 01.07.2012 to 30.06.2013
- 2% from 01.07.2013 to 30.06.2014
- 1% from 01.07.2014 to 30.06.2015
10 Year Fixed Rate Mortgage
Additional payments over 10% of balance or redemption in first 10 Years:
- 6% Until 30.06.2016
- 5% from 01.07.2016 to 30.06.2017
- 4% from 01.07.2017 to 30.06.2018
- 3% from 01.07.2018 to 30.06.2019
- 2% from 01.07.2019 to 30.06.2020
How to apply
If you would like more information about this product, any of our product range or would like a full illustration please call our specialist team on 0800 0288 288.
Interest Only Borrowing
The Maximum Loan to Value allowed for Interest Only mortgage applications is 75%. If your mortgage is on an interest only or a part capital, part interest only basis, it is your responsibility to ensure that you have a repayment method in place which will repay your mortgage within your chosen term.
Lending into Retirement
If your Mortgage Term extends into your proposed retirement age, it is your responsibility to ensure that you have sufficient financial provision in place to support your lending into retirement.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
