5th May 2010
Co-op launches 90% LTVs for first-time buyers
The bank has launched two-year and a five-year fixed mortgage products, as well as a three-year tracker for people seeking finance of up to 90 per cent LTV.
The two-year fixed has a rate of 5.49 per cent with a £999 fee or a rate of 5.99 per cent with no fee applicable.
The five-year product has a rate of 6.09 per cent with a £999 fee or a rate of 6.39 per cent without a fee.
The three-year tracker comes with a fee of £999 and has a rate of 4.49 per cent.
Meanwhile, Britannia and The Co-operative Bank will also launch a new online advice guide for first time buyers and offer tailored support and advice through Britannia branches for first-time buyers and those looking to move house.
95% mortgages on shared ownership properties
We also have great news for our customers buying on a shared ownership scheme. With immediate effect, you can now buy a share in a part buy / part rent property with a deposit of just 5%. This is the first time in months that a national lender has made 95% mortgages available for shared ownership properties. Contact our web site for further details http://www.sharetobuy.com/britannia.php
If you are not sure where to start or need a helping hand in the current difficult mortgage market let us know your requirements and we will see if our mortgage Advisor can help to find you a suitable mortgage.
Please note that in most cases you will need a deposit of between 15% and 20% of the purchase price of the property in order to meet the mortgage lender's criteria.