Co-operative Bank: Mortgage market expected to grow

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Co-operative Bank: Mortgage market expected to grow

The Co-operative Bank mortgage market is expected to grow this year, according to comments made by the head of mortgages at the bank.

John Barker said that Co-operative Bank has been increasingly offering a variety of "very competitive" mortgage products to customers, including some "best buy" two-year mortgages.

He remarked that a "strong funding model", as well as "an attractive product range" and "a market-leading brand position in terms of customer services and ethics" were three reasons why Co-operative Bank's mortgage market is likely to grow in 2008.

However, Mr Barker said that the bank is planning to eliminate its two-year mortgage range temporarily after April 3rd.

"We will still continue to offer an excellent range of competitively priced three, five, ten and 25-year mortgages to both new and existing customers," he added.

Co-operative Bank offers a variety of products to customers, including insurance, savings accounts and loans.
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