The mortgages, provided in conjunction with parent company Abbey.
Mortgages available via cahoot:
2 Year Tracker
4.34% (Base - 0.16%)
£699 Booking fee
95% LTV
2 Year Tracker
4.54% (Base + 0.04%)
£449
95%
2 Year Fixed
4.49%
£699
95%
2 Year Fixed
4.69%
£349
95%
Flexible Plus
4.90% (Base + 0.40%)
£699
90%
Flexible Plus
5.25% (Base +0.75%)
£149
90%
John Goddard, managing director of cahoot said, "With this new range of competitive mortgages, we’re dipping our toe in the market and testing the demand for mortgages from cahoot. As these mortgages are currently only available over the phone, they will really suit people who are comfortable without face-to-face help from a mortgage adviser. These are some of the best rates on the market and we hope the trial will prove popular."
The cahoot mortgage trial will continue until early next year. If the trial is successful, then cahoot intends to introduce its own fully-fledged mortgages, which are likely to be available online or over the phone.
Each mortgage offered through cahoot comes with a choice of a lower booking fee and a higher rate or a higher booking fee and a lower rate. The Flexible Plus mortgage also offers flexible features such as overpayments, underpayments and payment holidays. It comes with an offset facility, which can reduce the amount of interest owed and help a borrower pay off their mortgage early.
