mortgage deals and offer from the Cooperative Bank
It seems that the Co-operative bank is to purchase 632 Lloyds branches, with a bid thought to be worth around £1 million.
Lloyds TSB, the state rescued bank which is 41% owned by the government, is being forced to sell some of its branches under European Union competition rules. These rules ensure that competition with in the EU is not restricted or distorted. Read more
The Co-operative bank has been demonstrating that it’s a responsible lender by suggesting that its customers pay capital off their mortgage. Since the Bank of England reduced its rates down to the historic 0.5% levels, many borrowers have had the luxury of greatly reduced monthly repayments. Prudent borrowers have used this opportunity to reduce the outstanding capital on their mortgage with the additional spare cash. Whilst others have chosen to spend the spare cash elsewhere. Read more
The Co-op Bank is again living up to its tag line “good with money” with its fixed rate offerings that have won them the prestigious moneywise best lender for fixed rate mortgage award. With their fixed rate mortgage you know exactly what your monthly repayments will be so budgeting shouldn’t be a problem. Read more
Borrowers have high hopes for the coming few months as the average fixed term interest rate falls. The average rate for a two year fixed term mortgage has seen a reduction to 4.52%. The fall in the fixed rate mortgage rate is the lowest since the middle of September 2003, many are hoping that this is the market predicting low interest rates for the medium term. Read more
A good range of fixed rate mortgage products can be found at the cooperative bank in the UK up to 10 years in total if you want to fixed your interest rates for this length of time. Read more
A new set of deals has been launched by the Cooperative Bank and the Britannia Building society offering new fixed rate mortgages at 90% LTV. Read more