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Co-operative Bank

The Co-operative Bank was founded in 1872. Today the Co-Operative Bank is one of the largest financial services organisations in the UK with more than 7 million customers.

It has an annual income of £3.5 billion and assets under management of £31 billion.

The Co-operative Bank has a well-established Ethical Policy, which reached its 10th Anniversary in 2002. The policy reflects customers’ views about how their money should and shouldn’t be invested.

The Co-operative Bank has the following mortgages:

  • First Time Buyer 3 year Discount
  • 6 Month Discounted Rate
  • Discount Rate
  • Fee Free Fixed
  • Fixed

Co-operative Bank Mortgage Products
   

First Time Buyer’s Flexible 3 year discounted rate: your initial rate is set at a discount off the Bank’s standard variable rate for the first 3 years. After the discount period has finished your mortgage will revert to the standard variable rate.

There is an early repayment charge if you make a payment of more than 10% of the original loan or repay the loan in full within in the discount period.

This mortgage is flexible so you can make overpayments, underpayments or take a repayment holiday. An acceptance fee is payable. Interest is calculated daily.

6 month Discounted Rate: your initial rate is set at a discount off the Bank’s standard variable rate for the first 6 months. Your initial rate will also depend on how much you want to borrow compared to the value of the property you are trying to buy. After the discount period has finished your mortgage will revert to the standard variable rate.

An early repayment charge may apply. This mortgage is flexible so you can make overpayments, underpayments or take a repayment holiday

There is no acceptance fee. Interest is calculated daily.

Discount Rate: your initial rate is set at a discount off the Bank’s standard variable rate for an agreed period. The Co-Operative Bank has discount mortgages for 2 and 3 years. After the discount period has finished your mortgage will revert to the standard variable rate.

There is an early repayment charge if you make a payment of more than 10% of the original loan or repay the loan in full within in the discount period

This mortgage is flexible so you can make overpayments, underpayments. There is no acceptance fee. Interest is calculated daily.

5 year Fee Free Fixed Rate: your initial rate is fixed for the first 5 years. Co-Operative Bank offer fixed mortgages for 5 and 10 years. After the fixed rate period has finished your mortgage will revert to the standard variable rate.

There is an early repayment charge if you make a payment of more than 10% of the original loan or repay the loan in full within in the fixed period.

This mortgage is flexible so you can make overpayments, underpayments. There is no acceptance fee. Interest is calculated daily.

Fixed Rate: your initial rate is fixed for an agreed period. After the fixed rate period has finished your mortgage will revert to the standard variable rate.

There is an early repayment charge if you make a payment of more than 10% of the original loan or repay the loan in full within in the fixed period.

This mortgage is flexible so you can make overpayments, underpayments. There is no acceptance fee. Interest is calculated daily.

If you are interested in a mortgage quotation including those offered by The Co-operative Bank please complete our quick enquiry form.

The Co-operative Bank also offers a 2 year Variable Tracker Mortgage:

Your initial rate is a variable tracker and is set just above the Bank of England Base Rate for 2 years. After the tracker rate period has finished your mortgage will revert to the Bank’s standard variable rate.

There is an early repayment charge if you make a payment of more than 10% of the original loan or repay the loan in full within in the tracker period.

This mortgage is flexible so you can make overpayments, underpayments. There is an acceptance fee. This product is available for re-mortgages too. Interest is calculated daily.

The Co-operative Bank also offers a 5 year Variable Tracker Mortgage:

Your initial rate depends on how much you want to borrow compared to the value of the property you want to buy. Your rate will be set just above the Bank of England Base Rate for 5 years. After the tracker rate period has finished your mortgage will revert to the Bank’s standard variable rate.

An early repayment charge may apply.

This mortgage is flexible so you can make overpayments, underpayments or take a repayment holiday. An acceptance fee is payable. Interest is calculated daily. If you are re-mortgaging you will not have to pay valuation or legal fees as long as you use their recommended solicitors.

Current Co-operative Bank Mortgage Offers

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