Borrow More
Do you need to borrow extra money? Here's what you'll need to do.
Getting a better deal
See your options for getting a better rate and saving money.
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New Co-operative Bank mortgages are available exclusively through our intermediary mortgage brand, Platform. Platform offers a wide range of competitive Residential and Buy to Let mortgages. Platform only works with professional mortgage advisers.
We are unable to take applications from new mortgage customers in a Co-operative Bank branch or over the telephone. If you require general information about choosing a mortgage please see The Money Advice Service website.
The decision to appoint an intermediary to act on your behalf must be made on the basis of your own enquiries and The Co-operative Bank has no responsibility for the advice or assistance provided by the intermediary.
This link provides information on choosing a local adviser and a search tool.
L&C Mortgages is one of many intermediaries that provides mortgage advice. Please be aware there may be other independent mortgage advisers more appropriate for your needs.
L&C Mortgages provide fee free mortgage advice. Their online mortgage finder lets you compare the deals you're eligible for and submit a request for a personalised recommendation, or you can talk to a mortgage adviser over the phone.
This link is provided for convenience only and should not be taken to constitute an endorsement or an approval by The Co-operative Bank of any of the products or services of L&C Mortgages. The Co-operative Bank receives no commission from L&C Mortgages and accepts no responsibility for the accuracy, legality or content of L&C Mortgages website.
Visit L&C Mortgages
Discuss your mortgage
Get advice from our friendly mortgage advisers.
Your home may be repossessed if you do not keep up with repayments on your mortgage
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Information or documents you'll need to apply
When you apply for a mortgage, we’ll need some things from you, such as:
- Details of your names and addresses for the last 3 years
- Details of your current income
- Details about the property
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- We offer a range of mortgages, including low-deposit and fee-free mortgages.
- Unfortunately we're unable to offer the following types of mortgages:
- Buy to Let
- Help to Buy
- Mortgages for debt consolidation
- Interest only mortgages
- Unfortunately we're unable to offer the following types of mortgages:
See our rates - We offer a range of mortgages, including low-deposit and fee-free mortgages.
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Repaying your mortgage at the end of your term
Is all or part of your Co-operative Bank or Britannia mortgage on an interest only basis? If so, this means your monthly payment pays only the interest on your loan. It is important that you plan how you will repay the outstanding balance on your mortgage at the end of the mortgage term.
You should check regularly that your repayment plan remains on track. If your plan does not provide sufficient funds to repay your mortgage at the end of the term, you should make alternative arrangements now and it may be necessary to sell your property.
Worried about repaying your final balance?
Don’t delay - the sooner you take action the better. There are a number of ways to close the gap between your outstanding mortgage balance and the value of your current repayment plan e.g. an investment or savings scheme (such as ISA, endowment policy or pension lump sum) which is used to repay an interest only mortgage at the end of the term. In addition, the following options are available.
Switch
You could convert some or all of the outstanding balance of your loan to a capital & interest repayment mortgage over a term suitable and affordable to you. We will not charge you for switching from an interest only mortgage to a capital & interest repayment mortgage. This option will ensure that your mortgage will be repaid at the end of the term. If you wish to discuss this matter further please contact us on 08000 288 288.
Overpay
Overpayments are when you pay an extra amount into your mortgage, with the aim of reducing your interest in the long run or reducing your term time.
If you have a fixed rate mortgage, you can overpay by up to 10% of your outstanding mortgage balance each year. If you overpay more than 10% each year during your fixed term, however, you will incur an early repayment charge. Once your fixed term ends, you won't need to pay an early repayment charge.
Customers who have a tracker mortgage can make unlimited overpayments without incurring an early repayment charge.
Full details of early repayment charges are provided with product information available on our rates pages.
Lifetime mortgage
One option could be to consider taking out a lifetime mortgage to pay off your outstanding mortgage balance with us. A lifetime mortgage is a form of equity release secured against your home which is repaid on death or on moving into long term care. The Co-operative Bank doesn’t offer this type of mortgage, but we have partnered with Legal & General to offer their Lifetime Mortgage product to our customers. A lifetime mortgage is not suitable for everyone and acceptance is subject to eligibility criteria.
Find more information on Legal & General Lifetime Mortgages, or please contact us for more information.
Independent Financial Advice
If you have concerns regarding your existing payment loan and require on suitable plans we strongly recommend that you seek advice from an Independent Financial Adviser.
- Please remember it is your responsibility to ensure that you have enough funds to repay your mortgage at the end of the term.
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If you currently have a Britannia mortgage, you can still manage it in the same way you always have. And if you do want to change anything, we’ve links below to help you find out more.
What would you like to do?
Important information
Tariff of charges
Download Tariff of charges PDF (35KB)General information for regulated mortgages
Download General information for regulated mortgages PDF (210KB)How we use your personal information
Download How we use your personal information PDF (622KB)The Co-operative Bank reserves the right to change or withdraw any of its mortgage deals at any time. All loans are subject to status and valuation.
Important information about our call charges
Calls to 0800 and 0808 numbers are free from landlines and mobiles. Calls to 03 numbers cost the same as calls to numbers starting with 01 and 02. Calls to 0845 and 0870 numbers cost 3p per minute, plus your phone company's access charge. Calls to 0844 and 0843 numbers cost 7p per minute, plus your phone company's access charge. If you're calling from outside the UK, call charges may vary.
Calls may be monitored or recorded for security and training purposes.
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- Legal & General is an external company to The Co-operative Bank and not part of the same group
- The Co-operative Bank acts as an introducer to Legal & General for Lifetime Mortgages
You’re now leaving our website
But before you go, here's a few things to keep in mind:
- My Local Adviser is an external company to The Co-operative Bank and not part of the same group.
- Any link to My Local Adviser's website is provided for convenience only and should not be taken to constitute an endorsement or an approval by The Co-operative Bank of any of the products or services of My Local Adviser. The Co-operative Bank receives no commission from My Local Adviser and accepts no responsibility for the accuracy, legality or content of My Local Adviser's website.
You’re now leaving our website
But before you go, here's a few things to keep in mind:
- L&C Mortgages is an external company to The Co-operative Bank and not part of the same group.
- Any link to L&C Mortgages website is provided for convenience only and should not be taken to constitute an endorsement or an approval by The Co-operative Bank of any of the products or services of L&C Mortgages. The Co-operative Bank receives no commission from L&C Mortgages and accepts no responsibility for the accuracy, legality or content of L&C Mortgages website.
- Please be aware there may be other independent mortgage advisers more appropriate to your needs, please refer to the find your local mortgage advisor link.
Contact us
If you'd like more help & information, you can:
