Co-op Bank cuts all 90% LTV fixed rates by 0.25%

The Co-operative Bank has reduced all 90% LTV fixed rate mortgages by 0.25 percentage points.

Related topics:  Mortgages
Rozi Jones
1st September 2017
Co-op Co-operative co op cooperative
"We are reducing our 90% LTV mortgage rates to support those looking to take their first step onto the property ladder."

The Bank says the reductions will "result in some of the lowest rates available on the market".

New 90% LTV products include a two-year fixed rate at 1.79%, a three-year fix at 2.14% and a five-year fixed rate at 2.49%, all with a £1,499 product fee.

Fee-free rates start from 2.29% for a two-year fix, 2.49% for a three-year fix and 2.79% for a five-year fix.

The Co-operative Bank is also helping tackle homelessness in the UK after linking up with youth homelessness charity Centrepoint. The Bank is donating £25 to Centrepoint for every new customer mortgage completed and this will help fund The Centrepoint Helpline, providing help and support to young people throughout the UK, as well as the new Centrepoint support hub in Central Manchester.

Paul Norcott, Head of Mortgages and Insurance at The Co-operative Bank, said: “We know that buying a home for the first time is a big financial commitment and we are reducing our 90% LTV mortgage rates to support those looking to take their first step onto the property ladder.

“Our partnership with youth homelessness charity Centrepoint means we’re also helping to put a roof over the head of a young person in crisis and supporting the follow up work Centrepoint provides to help homeless young people into a job and to equip them with the independent living skills needed to secure a better future.”

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