New mortgage deal from Co-operative Bank

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New mortgage deal from Co-operative Bank

The Co-operative Bank has announced the launch of a new "exclusive market-leading" summer mortgage deal for customers.

A fee free three-year tracker mortgage, the home loan is available from June 23rd and is exclusively available to Co-operative Bank current account holders.

Key features of the Co-operative Bank three-year mortgage include a rate of 5.99 per cent on loan to value (LTV) up to 75 per cent, or 6.24 per cent up to 90 per cent, no application fee, exit fee or chaps fee and free legals and valuations for remortgages.

Under the terms of the mortgage deal, new features allow homeowners to make overpayments and underpayments or take payment holidays for home purchases and remortgages. Ethical consumers will also be pleased to hear that Co-operative Bank makes an annual donation to Climate Care to help tackle global warming as part of a series of green offerings.

John Barker, head of mortgages at the Co-operative Bank, commented: "In the current economic climate, this new mortgage rewards our current account customers with a market leading rate and the added benefit of no application fees."

The Co-operative Bank offers a range of "new and innovative" mortgage options to help first-time buyers get a foot on the property ladder, allowing borrowers to purchase a property with friends or have their parents guarantee their mortgage.ADNFCR-323-ID-18653757-ADNFCR

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