The Co-operative Bank has launched a range of what it described as market leading fixed mortgage rates designed to support new and existing customers.
The range includes fee free three year fixed rate products available up to 75% LTV at 3.14% and up to 85% LTV at 3.99% and a five year fixed rate at up to 85% LTV for 3.69% with a fee of Ј999, or fee free for existing current account customers.
Following reports from Moneyfacts last week that the average arrangement fee has now reached over Ј1,500, the bank said it continues to buck this trend by offering fee free options across its range of products.
'It's our goal to make it as easy as possible for customers to take out a mortgage. Not only have we made it easier for customers to choose a mortgage by launching a range of market leading rates with fee free options, but all customers also get a dedicated advisor to keep them updated each step of the way,' said James Hillon, head of mortgages for The Co-operative Bank.
Meanwhile Coventry Intermediaries has launched a range of Offset and Flexx for Term options. The new range offers Flexx for Term deals with low rates from 2.65% available at 65% LTV and Offset 5 year fixed rates 3.35%.
The 2.65%, Flexx for Term at 65% LTV comes with a Ј199 booking fee with Ј800 arrangement fee and no early repayment charges.
The 3.35% Offset, five Year Fixed Rate until 30.06.18, at 65% LTV has a Ј199 booking fee and a Ј300 arrangement fee and ERCs of 3% of balance until 30.06.18.
The 3.89%, Offset, five Year Fixed Rate until 30.06.18 at 80% LTV has a Ј199 booking fee and a Ј300 arrangement fee and ERCs of 3% of balance until 30.06.18.
The Nationwide has reduced all of its rates at 60 and 70% LTV by 0.10% and said that the reductions mean it is now offering its lowest ever fixed rate mortgages. But fees of up to Ј900 apply and there are also non refundable booking fees.
However, all house purchase and remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or Ј250 cashback.
'These latest reductions mean Nationwide is now offering the lowest fixed rate mortgages in the Society's history. The cuts of up to 0.10% could benefit those buying a house or remortgaging. In particular, our three year fixed rate mortgages available to 60 per cent LTV at 2.49% are now among the lowest rates in the market,' said Tracie Pearce, Nationwide's head of mortgages.
Santander has announced new lower priced deals for existing mortgage customers moving home and home buyers. The latest offering includes better rates for two and three year fixes and two year trackers, for home buyers and re-mortgage customers and a new deal for those looking to purchase or re-mortgage on a five year fix up to 80% LTV.
'Santander is committed to providing attractive deals to those buying a home. Whether they're a first time purchaser or moving for the last time, looking to avoid product booking fees or for an 80% LTV, our range has something for everyone. And now with the new five year fix for loans of up to 80% LTV, we're giving those with a smaller deposit even greater choice,' said Phil Cliff, director of Santander Mortgages.
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The range includes fee free three year fixed rate products available up to 75% LTV at 3.14% and up to 85% LTV at 3.99% and a five year fixed rate at up to 85% LTV for 3.69% with a fee of Ј999, or fee free for existing current account customers.
Following reports from Moneyfacts last week that the average arrangement fee has now reached over Ј1,500, the bank said it continues to buck this trend by offering fee free options across its range of products.
'It's our goal to make it as easy as possible for customers to take out a mortgage. Not only have we made it easier for customers to choose a mortgage by launching a range of market leading rates with fee free options, but all customers also get a dedicated advisor to keep them updated each step of the way,' said James Hillon, head of mortgages for The Co-operative Bank.
Meanwhile Coventry Intermediaries has launched a range of Offset and Flexx for Term options. The new range offers Flexx for Term deals with low rates from 2.65% available at 65% LTV and Offset 5 year fixed rates 3.35%.
The 2.65%, Flexx for Term at 65% LTV comes with a Ј199 booking fee with Ј800 arrangement fee and no early repayment charges.
The 3.35% Offset, five Year Fixed Rate until 30.06.18, at 65% LTV has a Ј199 booking fee and a Ј300 arrangement fee and ERCs of 3% of balance until 30.06.18.
The 3.89%, Offset, five Year Fixed Rate until 30.06.18 at 80% LTV has a Ј199 booking fee and a Ј300 arrangement fee and ERCs of 3% of balance until 30.06.18.
The Nationwide has reduced all of its rates at 60 and 70% LTV by 0.10% and said that the reductions mean it is now offering its lowest ever fixed rate mortgages. But fees of up to Ј900 apply and there are also non refundable booking fees.
However, all house purchase and remortgage borrowers receive a free standard valuation and the choice of either free standard legal fees or Ј250 cashback.
'These latest reductions mean Nationwide is now offering the lowest fixed rate mortgages in the Society's history. The cuts of up to 0.10% could benefit those buying a house or remortgaging. In particular, our three year fixed rate mortgages available to 60 per cent LTV at 2.49% are now among the lowest rates in the market,' said Tracie Pearce, Nationwide's head of mortgages.
Santander has announced new lower priced deals for existing mortgage customers moving home and home buyers. The latest offering includes better rates for two and three year fixes and two year trackers, for home buyers and re-mortgage customers and a new deal for those looking to purchase or re-mortgage on a five year fix up to 80% LTV.
'Santander is committed to providing attractive deals to those buying a home. Whether they're a first time purchaser or moving for the last time, looking to avoid product booking fees or for an 80% LTV, our range has something for everyone. And now with the new five year fix for loans of up to 80% LTV, we're giving those with a smaller deposit even greater choice,' said Phil Cliff, director of Santander Mortgages.
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