Attractive Mortgage Deals Introduced by the Co-operative Bank

On January, 19th the Co-operative Bank announced the launch of new mortgages for borrowers with large deposits.

From Friday, January, 20th borrowers with 40% deposits can get either a fixed-rate of a tracker mortgage at just under 3%.

As such, a 2-year fixed-rate mortgage with 60% loan-to-value ratio is available for buyers at just 2.79%. The same deal fixed for 3 years can be taken out at 3.19%.

The tracker mortgage from the Co-operative Bank is fee-free and lifetime, and can be taken out at just 2.59% by existing clients of the Co-op.

Commenting on the launch of the new affordable mortgages, James Hillon of the Co-operative, said: "Our 60 per cent LTV mortgages have been introduced to complement our existing mortgage products, which are designed to support all kinds of borrowing ranging from first-time buyers to remortgage customers."

To learn more about this and other offers by the Co-operative Bank, please, visit the official website or visit the bank’s office in UK.

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