Co-op launches new fixed-rate mortgage

The Co-operative Financial Services has added a new two-year fixed-rate deal to its mortgage range.

Available through both the Co-operative Bank and Britannia, interest rates of 3.19 per cent are accessible on up to 75 per cent loan-to-value LTV deals, increasing to 4.49 per cent for 85 per cent LTVs.

With both options, the arrangement fee is £999, leading the lender to boast about the cheap mortgage rates on offer.

John Hughes, business leader for retail products at the Co-operative Financial Services, commented that the bank was aiming to give its customers "even more choice".

He added: "Furthermore, the mortgages are available through all of our channels including both branch networks online and on the telephone - so our customers can also choose the channel which best suits their needs."

Last month, the Co-operative Financial Services announced that it had reduced its mortgage rates by up to 0.55 per cent.

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2010-03-04 13:10:45 © Moneyextra.com