Co-operative Bank has launched a new unique first time buyer cashback mortgage aimed at helping first time buyers (FTB’s) onto the property ladder. The new mortgage comes with the following features a 1% cashback to cover stamp duty or other fees that first time buyers may incur, a 4.5x income multiples (5x for graduates), a fixed rate of 6.29% for 5 years, No deposit required, Guarantor option available(x), a Home movers pack, and Free basic valuation. (more…)

Internet bank, smile, (part of the Co-operative Bank) is launching a new tracker rate mortgage product.

Details of the new product are as follows:
- 2-year tracker product currently at 5.09% (Bank of England Base Rate – 0.16%)
- Free legal and valuation fees for remortgages

The new mortgage product is provided by The Co-operative Bank and offers excellent overall value to all borrowers whether buying for the first time, moving home or simply remortgaging from another lender. Also, borrowers choosing to remortgage will benefit from free legal and valuation fees. (more…)