90% mortgage from Co-op offers 'welcome support' for first time buyers Go compare with our comparison table

90% mortgage from Co-op offers 'welcome support' for first time buyers

24 September 2010 / by Rachael Stiles

The Co-operative Bank has unveiled a new mortgage with a loan to value of 90 per cent, aimed at first time buyers.

With its subsidiary Britannia, The Co-operative Bank is launching a new two year fixed rate mortgage which requires a deposit of only 10 per cent.

The new mortgage has an initial rate of 5.09 per cent, and an application fee of £999; alternatively, borrowers can pay no fee if they opt to pay a higher initial rate of 6.09 per cent.

Commenting on the new product, James Hillon, head of Co-operative Financial Services mortgages, said "We are keen to continue to help support mortgage customers and the introduction of the new two year products provides a welcome boost for first time buyers and home movers. 

"Customers who want to take out one of these mortgages, will also have the additional flexibility of a range of direct channels, including internet, telephone and branch as well as the added benefits of our high levels of customer service."

The new mortgage is available now.

© Fair Investment Company Ltd

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Mortgage Deal Selection - Call Lender Direct
Initial RateProviderTermTypeAPR*LTV 
1.79%
2 YearsTracker
(Purchase)
3.80%60%More Info >

Call 0800 1582934 to speak to a NatWest mortgage specialist. Product fee of £995.**
1.79%
2 YearsTracker
(Purchase)
3.80%60%More Info >

Call 0800 068 7624
to speak to an RBS mortgage specialist. Product fee of £995.**
1.79%
2 YearsTracker
(Remortgage)
3.80%60%More Info >

Call 0800 1582934 to speak to a NatWest mortgage specialist. Product fee of £995.**
1.85%
2 YearsFixed Rate
(Purchase)
3.90%60%More Info >

Call 0800 158 2934

to speak to a Natwest Mortgage Specialist. Product fee of £995.**
1.85%
2 YearsFixed Rate
(Remortgage)
3.80%60%More Info >

Call 0800 158 2934

to speak to a Natwest Mortgage Specialist. Product fee of £995.**
1.85%
2 YearsFixed Rate
(Purchase)
3.90%60%More Info >

Call 0800 096 7447

to speak to an RBS mortgage specialist. Product fee of £995.**
2.75%
2 YearsFixed Rate
(Remortgage)
3.90%80%More Info >

Call 0800 158 2934

to speak to a Natwest Mortgage Specialist. Product fee of £995.**
2.75%
2 YearsFixed Rate
(Purchase)
4.00%80%More Info >

Call 0800 158 2934

to speak to a Natwest Mortgage Specialist. Product fee of £995.**
4.29%
2 YearsFixed Rate4.30%90%More Info >

Call 0800 096 7447

to speak to an RBS mortgage specialist. Product fee of £995.**
*APR = Overall Cost for Comparison 

** Early repayment charges apply. A withdrawal fee of £150 will be payable once a full mortgage offer has been issued if the customer fails to complete. As a result of the introduction of the withdrawal fee, the product fee (where applicable) will be refunded to the customer up to the point of completion.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker