Co-op launches a new range of high LTV fixed rate mortgages.
The Co-operative has announced the launch of a new range of fixed rate mortgages for smaller deposit buyers. The deals on offer range from terms of 2 to 5 years for up to 90% LTV.
A 3 year fix for 90% LTV is available, the rate offered is 2.89%. For a 5 year fix for up to 90% LTV the rate offered is 3.24%, both deals have a £1,499 fee.
Rates have also been reduced for remortgaging home-owners, 2 to 5 year fixes have been cut by up to 0.2%.
Rates start from 2.14% which is on offer for applicants with a 60% deposit, this 2 year fix has a £1,499 fee, 3 year fixed rates start from 2.64% and 5 year rates from 2.79%.
At the end of the fixed term deals revert to the Co-op’s SVR, which is currently set at 4.74%.
For existing current account holders all deals come with £250 cashback, in addition a free standard valuation and free legals are on offer.
If you would like more details on the lender’s range, contact us at Deal Direct. We can make a market-wide comparison on your behalf to find the very best mortgage for your deposit/equity level.
For free advice and a low rate quote speak to one of our highly qualified advisers today. Let us help you to remortgage to a lower rate or climb on the property ladder.
Call us at Deal Direct for a competitive quote.
0800 048 8828.
