Co-operative Bank
The Co-operative Bank has been in the loans and savings business since 1872, and it is unique in being the only ethically led bank on the High Street.
The bank introduced a customer-led Ethical Policy back in 1992, meaning it won't invest in certain types of business with poor environmental or human rights records. That's not all that Co-op bank offers: it also manages to be highly competitive on mortgage rates as well. These include a long-term variable rate from only 6.04%.
(Rates like this can change quite quickly, so you can use the form on your right to speak to an adviser at any time – find out about deals like this and compare other quotes!)
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 5.99% (3 years; maximum 90% LTV, £599 fee).
- Fixed Rate Mortgages from 6.19% (10 year fixed, with £899 arrangement fee)
- Lifetime Tracker Mortgage 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. Our advisers can set you up with a Co-op bank quote and also give you a swift, market-wide comparison of other lenders (because they might help you find something that suits you even better).
To get a free call back with unbiased advice and a quote, click here for the 1-minute mortgage enquiry form.