Co-operative Bank mortgages
The Co-operative Bank and its financial services operate under The Co-operative Group, the largest consumer co-operative in the UK.
The lender offers a series of fixed rate mortgages, variable mortgages, tracker mortgages and discounted mortgage rates with additional borrowing for existing customers.
For first-time buyers, Co-operative Bank has a selection of mortgage packages designed to make your first step on the property ladder an easier one. They include, discounted rates, special help deals for graduates, using parents as guarantors and buying with friends' option.
See below for more details of mortgage deals.
- The Co-operative Bank launches lifetime tracker mortgages
- Co-operative Bank cuts mortgages rates
- Co-operative Bank launches new 60% LTV mortgages
- Co-operative Bank cuts rates on five year fixed mortgages
- Co-operative Bank waives mortgage switching fee
The cots of a mortgage is at its most affordable since 1999 with the proportion of income spent on them by an average household down to 27 per cent, according to new research by the Halifax.
The Bank of England's Monetary Policy Committee voted unanimously to keep interest rates at 0.50% and QE at £375bn but Martin Weale voted against adopting forward guidance on interest rates citing inflation risks.
Eric Pickles has praised the Help-to-Buy scheme, by stating that it has helped around 10,000 perspective homeowners to receive new-build properties.
Confidence in the property market is returning as house price inflation rises at ots fastest pace for six years and more sellers and potential buyers come to the market.
house prices rose by an average of 3.1 per cent across the UK in the 12 months leading to June 2013, according to the ONS.
The Council of Mortgage Lenders reports that lending to first-time buyers is at its highest level since 2007.
The Bank of England's commitment to keep interest rates low until unemployment falls dramatically means homeowners can expect low interest rates but the gloom for savers continues.
The average age of a person buying their second home in the UK has climbed to 42, compared to 31 30 years ago, according to new research by the Post Office.