Co-operative Financial Services split loan 'boosts flexibility'
www.moneynews.co.uk > Mortgages > Co-operative Financial Services split loan 'boosts flexibility'
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Co-operative Financial Services split loan 'boosts flexibility'
Tue 13th Jul 2010
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Function leader of mortgages at the company James Hillon explained that people can take advantage of these "mix and match" style deals and pay only one application fee.
He noted that this means individuals can gain flexibility without paying extra.
The Co-operative Financial Services split loan allows people to fix a proportion of their home finance arrangement and leave the rest on a tracker deal.
"We believe customers will find the opportunity to mix and match products increasingly attractive given current uncertainty around the future of interest rates," remarked Mr Hillon.
The Co-operative's intermediary mortgage lender Platform recently launched a seven-year fixed-rate mortgage with interest of 4.69 per cent for up to 65 per cent loan to value.
A spokesperson from the organisation suggested customers could benefit from added security with the product.
Click here for more mortgages news
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Related News : Cooperative |
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