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The Co-operative Bank introduces fixed-rate mortgages with 90% LTV

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  • 13/11/2015
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The Co-Operative Bank has launched a range of two-year and five-year fixed rate mortgages at 90% LTV.

The five-year mortgage has a rate of 3.34% with a 10% deposit and comes with a £1,499 fee. The two-year fixed rate mortgage will be available at 2.24%, also with 10% deposit, with a 1,499 fee or 2.99% with no fee.

For those looking to remortgage, a three-year fixed rate deal is also available at 1.79% for 60% LTV, with a £1,499 fee.

Stuart Beattie, head of mortgages at The Co-operative Bank said: “The new rates on our two year and five year fixed rate mortgages at 90% LTV proves our commitment to helping those looking to get their first foot on the property latter with competitively priced products offering fee and fee-free options.”

In total, the bank has reduced rates across the range for 80 products aimed at both new and existing customers by between 0.05-0.45%.

In August the Co-operative Bank announced it had driven up mortgage completions to £1,084m in the first six months of the year, against £921m in the last six months of 2014.

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