UK’s lowest ever fix at The Co-operative Bank

21st April 2015

The Co-operative Bank has launched a new two-year fixed-rate mortgage, the UK’s lowest ever according to
The new deal is fixed at 1.09% until June 30, 2017 for mortgages up to 60% loan-to-value (LTV). It is available to new and existing borrowers and comes with an arrangement fee of £1,499.

Stuart Beattie, head of mortgages at The Co-operative Bank, said: “With rates at record lows, it’s a great time for customers to consider taking out a fixed-rate product. We are delighted to offer the UK’s lowest ever two-year fixed-rate mortgage.”

Moneyfacts spokesperson Charlotte Nelson added: “At 1.09%, this two-year fixed-rate mortgage is the lowest ever, [allowing] borrowers to fix their mortgage and secure low monthly payments for a significant period of time.”

The Co-operative Bank has also launched its lowest ever 90% fixed-rate mortgage deal, fixed at 2.64% until June 30, 2017, along with a three-year fixed rate at 1.89% for loans up to 60% LTV. These deals come with a £1,499 arrangement fee and are available to new and existing borrowers.

Other features include a free standard valuation for purchasers and remortgagers, free legals for remortgage customers and £250 cashback for existing Co-operative Bank current account customers.

*2 year fixed with TSB 1.09% then 3.59% - APRC is 3.3% Max LTV is 60%. Quoted on 27th May 2020.