The Co-operative Bank releases its lowest 'ever' first time buyer rates.
The Co-op has announced a rate cut on its 90% LTV deals making first time buyer mortgages up to 0.45% cheaper.
The lender's new cheap deals are offered with rates starting from as low as 2.24%.
Range highlights include:
- A 2 year fixed rate mortgage at 2.24% with a £1,499 fee.
- A 5 year fixed rate mortgage at 3.34% with a £1,499 fee.
In addition, the lender is also offering a new 3 year fixed rate deal available for re-mortgaging home-owners for 60% LTV at 1.79%, with a £1,499 fee.
In total, rates have been cut range-wide with more than 80 mortgage deals now cheaper.
While the rates offered are low it is important to consider all factors when looking at affordability. Increasingly low rate deals are being offered with high fees which means they may not be so competitive overall when compared with other lower fee but higher rate offers.
To avoid ending up on a more expensive deal, compare all products on a like for like basis through independent 'whole of market' broker Deal Direct.
Call us on 0800 048 8828 and let us find you an affordable mortgage to make your home-ownership cheaper.
Call now and speak to an adviser.
0800 048 8828.
