The Co-operative Bank has unveiled a mortgage range aimed at providing greater choice for both new and existing customers.
Launching tomorrow (Friday January 20th), the collection of competitive 60 per cent loan-to-value (LTV) home loans will include rates starting at 2.59 per cent.
The bank – which is part of The Co-operative Group and offers a range of financial products – announced both lifetime tracker and fixed options will be available for a limited time to those with a 40 per cent deposit.
James Hillon, head of mortgages at the organisation, noted the current low interest rates suggest there has never been a better time in which to search for a home loan arrangement.
The industry figure stated: “Our 60 per cent LTV mortgages have been introduced to complement our existing mortgage products, which are designed to support all kinds of borrowing ranging from first time buyers to re-mortgage customers.”
He added those already signed up with the bank who hold one of its current accounts will be rewarded in the form of a highly competitive fee-free lifetime tracker rate.