The Co-operative launches the market's cheapest ever 2 year fix.
The UK’s cheapest-ever 2 year fix at 1.09% has been launched by the Co-op.
While it is a headline grabbing rate for sure, there is another factor to consider which is the fee.
This lowest ever 2 year fix comes which a rather hefty £1,499 fee. When factoring this into the equation is the Co-op fix as competitive as it first appears?
All too often borrowers are seduced by a low rate, only to be bitten when they realise the fee charged actually makes their offer more expensive overall.
If you are interested in this Co-op 2 year fix at 1.09% you need to seek advice to find out if it really is the most competitive mortgage for your deposit level.
Call us at Deal Direct and let us compare this product on a ‘like for like’ basis against the wider market. By making a comparison you might find out that even with its low rate this product, when accounting for its fee, works out less competitive overall.
Avoid getting locked into a more expensive offer by making a ‘whole of market’ comparison through Deal Direct.
We can find you the best mortgage for your circumstances.
Call us for impartial advice and a competitive quote.
0800 048 8828.
