Co-operative Bank Lowers Interest Rates On Select Mortgages Across All Fixed Rate Terms

9 June 2017

2 min read

From today (9 June, 2017), The Co-operative Bank is reducing some mortgage rates by up to 0.30 percentage points, offering more competitive mortgage options for those looking to remortgage, move house, or buy a home for the first time.

The highlights of the reductions include:

  • 0.25 percentage point reduction on 5 year fixed rate mortgages at 85 per cent LTV, with either a £1,499 or £999 product fee;
  • 0.30 percentage point reduction on 3 year fixed rate mortgages at 85 per cent Loan to Value (LTV), with a £999 product fee;
  • 0.20 percentage point reduction on 2 year fixed rate mortgages at 80 per cent LTV with a £999 product fee;

Highlights of the Co-op Bank mortgage range includes:

  • 2.14 per cent five year fixed rate mortgage at 85 per cent LTV with a £1,499 product fee
  • 1.14 per cent two year fixed rate mortgage at 60 per cent LTV with a £1499 product fee

For every new mortgage completed, The Co-operative Bank will also help tackle homelessness in the UK after linking up with youth homelessness charity Centrepoint. The Bank will donate £25 to Centrepoint which will be used to help fund The Centrepoint Helpline, providing help and support to young people throughout the UK, as well as donating to the charities new support hub in Central Manchester.

Paul Norcott, Head of Mortgages and Insurance at The Co-operative Bank, said: “We are continuing to offer a range of great mortgage offers for those looking to move house or buy a home for the first time, and also to give many remortgaging homeowners the opportunity to bring down the cost of their monthly repayments.

“For so many people, every penny counts at the moment and being able to fix your mortgage payments for the next two to five years at competitive rates is an ideal way of ensuring you can budget accordingly when the cost of other outgoings is rising.” 

All Co-operative Bank mortgages include; Free Standard Valuation and Conveyancing for standard remortgages as well as £250 Cashback for Co-operative Bank Current Account customers (terms apply)

For more information on Co-operative Bank mortgages visit http://www.co-operativebank.co.uk/mortgages or call 08000 288 288.

ENDS

Notes to Editors:

About the Co-operative Bank

the Co-operative Bank plc provide a full range of banking products and services to almost 5 million retail and SME (Small and Medium Sizes Enterprises) customers. The Bank is fully committed to values and ethics in line with the principles of the co-operative movement.

For further information please contact

Nicki Parry, Head of Media Relations

The Co-operative Bank Press Office

Tel: 07734 002 983

Email: nicki.parry@co-operativebank.co.uk

Twitter: @CooperativeBank

Contact

Corporate

Lesley McPherson, Director of Communications

Mobile:+44 (0) 7725 903 270

Email Lesley McPherson

Head of Media Relations

Nicki Parry

Mobile: 07734 002 983

Email Nicki Parry

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