The Co-Operative Bank, an innovative and environmentally-friendly UK mortgage lender, has decided to stop two-year mortgage loans, citing the fact that demand is outstripping supply.
The news is a further example of a lender unable to handle unprecedented high levels of demand from consumers, even as other lenders make their products more expensive or take them off the market entirely.
The Co-Operative Bank were reported as commenting: "The Co-Operative Bank is fully committed to providing quality mortgage products in the current economic climate and developing strong and growing relationships with both new and existing customers."
The Bank reportedly continued: "Our commitment to the mortgage market and our customers is underpinned by a strong funding model, which means our mortgages are essentially 100% funded by customer deposits, an attractive product range and a market leading brand position in terms of customer service and ethics. Against this backdrop we expect to grow our market share in 2008."
Co-Op Bank drops two-year mortgages
Mortgage Quote Line
0845 108 0505
Co-Op Bank drops two-year mortgages
Tue, 13 May 2008
Recommended links
Mortgage enquiry formMortgage calculator
Maximum borrowing calculator
House prices
100 per cent mortgage market will not come back
Good mortgages still on offer
List of UK mortgage providers
Co-Operative Bank lender profile
Co-Operative Bank - current mortgage offers
Find a mortgage broker
View mortgage rates and offers
UK mortgage trends 2007
Scottish mortgage guide
Switching Your Mortgage Lender
Mortgage renewal reminder service
Guide to buying freehold property
Guide to buying leasehold property
Guide to remortgaging
Guide for first time buyers
Buy to let mortgage information
Small showing from top banks in most competitive mortgage list
Barclays bank bosses mortgages fiasco
Bank blunder affects mortgage loans
Bank mortgages expensive
Banks found to offer cheapest mortgage rates
HSBC named Best Value National Bank by What Mortgage
Bank unveils new deal for mortgage holders
Mortgage should be based on affordability, bank claims
Lenders will continue to ration mortgages, say Bank of England
Bank offers fixed and tracker mortgages at same starting rate
Banks still helping first time buyers, expert says
Bank of England will cut interest rates sooner rather than later, expert claims
Mortgage company to originate loans for banks
Banking institution unveils fee-free mortgages
Islamic banking gets buy-to-let mortgage
Buy-to-let mortgages overhauled by Standard Life Bank
Bank of England cuts interest rates
Rics calls on bank to aid mortgage affordability
Widows Bank success bolstered by mortgages
Mortgage holders need life insurance, bank claims
Nationwide increases mortgage rates following Bank's decision
Mortgage lenders warn Bank of England
Daughters get more from mortgage lender parents, bank says
Bank of England drawing up mortgage funding plan
Banking institution reduces interest on international mortgages
Search for a mortgage not helped by adverse credit problems, CCJ or bankruptcy
Professional buy to let mortgages launched by banking institution
Banking institution calls for inheritance tax revisions, mortgage holders told
Base rate mortgages topping popularity stakes, reveals bank
Mortgage rates decrease at Co-operative bank
Bank of Ireland Mortgages "enhances" buy-to-let scheme
New mortgage criteria from Bank of Ireland
New green mortgage from the Co-Operative Bank
Find a remortgage and save money, says bank
Bank of England to help mortgage lenders
Strong mortgage market will bank resist interest rates increase
New tracker mortgages from the Bank of Scotland
Co-operative Bank anticipates green mortgage growth
Morse boosts mortgage costs, bank claims
Bank report slumping approvals
Bank of Ireland withdraws sub-prime mortgage range
Average mortgage approval tops GBP150,000, banking data shows
Fixed mortgage rates cut at Bank of Ireland
Higher lending charges not necessary says bank
Bank of England figures confirm mortgage lending growth
| mortgages news |
|---|
| Higher mortgage repayment levels - Fri, 03 Jul 2009 |
| Commercial mortgages begin to open up in London - Fri, 03 Jul 2009 |
| Mortgage rescue scheme to improve - Fri, 03 Jul 2009 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage