Co-operative Bank
The Co-operative Bank has been in the loans and savings business since 1872. It is unique in being the only bank on the High Street with a customer-led Ethical Policy.
In August 2009 Britannia Building Society becomes part of Co-operative Bank. The combined company will have £70bn in assets, 9 million customers, and will maintain a 300-strong branch network.
It will take years for the merger to be completed so for the time being, both companies are still offering their own mortgages. For advice on Co-operative and other lenders' mortgages, you can get a quote at any time using the enquiry form on the right.
About Co-operative Bank Mortgages
There are 12 different mortgage packages on offer from the Co-operative Bank, which fall into three distinct types:
- Tracker Mortgages
- Fixed Rate Mortgages (some with no application fee)
- Up to 85% loan to value available on fixed rate mortgages (3, 5 or 10 years)
Ethical banking
Co-operative Bank's merger with Britannia is aimed at creating "a fair an ethical alternative to shareholder and government owned banks". The bank introduced a customer-led Ethical Policy back in 1992 and remains the only high street bank to maintain such a policy. Customers can vote on the policy each year; currently it means that the bank won't invest in businesses with poor environmental or human rights records.
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. Using the enquiry form you can contact an FSA-authorised mortgage adviser, who can provide mortgage quotes on Co-operative Bank and also a swift, market-wide comparison of other lenders (because they might help you find something that suits you even better).