The Co-operative Bank, part of the Co-operative Group, has been in the loans and savings business since 1872. The bank has 32 branches all over the UK.
Co-operative's main selling point is its customer-led ethical policy, but it also manages to be highly competitive on mortgage rates as well. These include a 10-year fixed rate from as little as 6.49%.
Rates like this can change quite quickly, so speak to an adviser today to find out if you can get a deal like this – or whether another product could be even better.
The Co-operative Bank was a pioneer when it introduced a customer-led Ethical Policy back in 1992. It is the only high street bank that bases its ethical policy on the concerns of its customers, and actively seeks their feedback on how their money that is being used.
About Co-operative Bank Mortgages
There are 12 different mortgage packages on offer from the Co-Operative Bank, which fall into three distinct types:
• Discounted Variable Rate Mortgages from 5.84% (3 years; maximum 75% LTV, £899 fee).
• Fixed Rate Mortgages from 6.49% (10-year fixed rate with £899 arrangement fee)
• or a Lifetime Tracker Mortgage starting at 6.04%, tracking the Bank Base Rate + 1.04%.
Fixed rate deals are available with other terms too – 3, 5, 10 and 25 years – and all Co-op Bank mortgages are subject to a maximum 90% loan-to-value ratio.
These deals are also available as Co-op Bank remortgages. Again, you need at least 10% equity in your property to qualify.
Choosing a Co-operative Bank Mortgage
As with most lenders, Co-operative Bank has cut down the number of different deals on offer this year, to focus on a few core products. However, unlike some banks, they have stayed very competitive on rates. As a result they are attracting a flood of applications.
We suggest you don't delay if you are interested in a Co-op bank mortgage. They only accept applications directly, not through advisers.
Alternatively, you can also speak to an adviser who can come up with a swift comparison of the main competitors – and perhaps find you something even more suitable. It's no obligation to get this advice, and it's quick, so there is nothing to lose.
By filling in the mortgage enquiry form you will obtain impartial mortgage advice and a whole-of-market quote, with no strings attached.