Get a Great Mortgage Deal!

Co-operative Bank Mortgages

Compare Best Co-op Mortgage Rates

Co-operative Bank Mortgages

Compare Cooperative Bank Mortgages. Co-operative Bank is one of the UK’s biggest and best known lenders. Their financial products include mortgages aimed at first time buyers, current homeowners and those wishing to raise extra funds.

The Co-operative Bank pride themselves on being an ethical institution that is careful about how it lends and invests its funds. This can make them a more attractive proposition to some borrowers.

    • 3.69% Initial
    • 5 year fixed
    • 5.9% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 3.79% Initial
    • 5 year fixed
    • 6% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 3.82% Initial
    • 5 year fixed
    • 6.4% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 3.83% Initial
    • 5 year fixed
    • 5.9% APRC
    • Cashback Max £1,250
      Free Legals
      Free Valuation
    • Get quotes
    • 3.84% Initial
    • 5 year fixed
    • 6.3% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 3.86% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes
    • 3.86% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes
    • 3.87% Initial
    • 5 year fixed
    • 6.4% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 3.88% Initial
    • 5 year fixed
    • 5.9% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 3.89% Initial
    • 5 year fixed
    • 5.9% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes

Representative example based on a fixed rate mortgage

A mortgage of £375,000 payable over 20 years initially on a fixed rate for 5 years at 4.38% and then at the standard variable rate of 7.65% for the remaining 15 years would require 60 monthly payments of £2,351.88 and then 180 monthly payments of £2,899.55.

The total amount payable would be £663,156.80 which includes interest and product fees of £1,124.

The overall cost for comparison is 6.5% APRC representative.

Early repayment charges may apply.

Compare Co-operative Bank mortgages

If you are interested in taking out a mortgage with the Co-operative Bank, you will need to consider which of their various products best matches your borrowing needs and personal circumstances. It is worth bearing in mind that they currently do not offer buy to let mortgages, Help to Buy mortgages, interest only mortgages or mortgages for debt consolidation.

First Time Buyer mortgages

The Co-operative Bank offer mortgages for up to 90% of a property’s value, which can make it easier for first time buyers to get enough money together for a deposit. They can also often provide a mortgage in principle in under 30 minutes, making it easier for first time buyers to see whether they can afford to get onto the property ladder.

Remortgaging with Co-operative Bank

Remortgaging can be an attractive idea when you want to reduce your monthly mortgage payments or raise extra money for home improvements or other purposes. It allows you to take out a new mortgage which you then use to pay off your existing one, leaving you with lower repayments or a spare lump sum.

Second charge mortgages

It can sometimes be more affordable to take out a second, separate secured loan, rather than remortgaging. This is most often the case if you have a particularly good deal on your current mortgage. This separate borrowing is often called a second charge mortgage and may allow you to take your total secured borrowing up to as much as 90% of your property’s market value.

Loan to value ratio

The amount you can get as a mortgage depends on several things, one of the most fundamental of which is your loan to value (LTV) ratio. This is the percentage of your property’s market value that you wish to borrow against it.

So, if you were looking to raise a mortgage on a £100,000 house and needed to borrow £50,000, that would equal a LTV of 50%. Increase your borrowing another £25,000 with a second charge mortgage and your LTV would become 75%.

The loan to value ratio of your mortgage will tend to affect the interest rates you are offered, with a higher LTV generally equating to higher interest rates.

Find the best deals on mortgage rates

Our mortgage calculator can help you quickly and easily identify some of the best deals on mortgages from across the industry. All you need to do is plug in some basic information, including how much you want to borrow, how long you need to repay over and why you need the mortgage. The calculator will then match you up with top deals we have identified that fit your criteria making your hunt for a mortgage much simpler.

Independent Mortgage Advice

Remortgaging is particularly popular at the moment as interest rates are low.

Click to call

Whether it will be a good idea for you to remortgage depends on a number of factors, including your goals and your personal circumstances.

However, in general, if interest rates are lower than you are currently paying on your mortgage, it may be a good time to remortgage.

If interest rate are higher than you are currently paying, it may be better to look at other options, such as a second mortgage or a personal loan (if you aim is to borrow more).

If you are not sure whether now is the right time to remortgage, it is a good idea to speak to an independent mortgage broker who will be able to offer impartial advice on Co-op & alternative lender options.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

Still Haven't Found What You Are Looking For? Get Personalised Mortgage Quotes
Still Haven't Found What You Are Looking For? Get Personalised Mortgage Quotes