The product features include:
- A fixed rate of 5.95 per cent
- £599 application fee
- No early repayment charges after the first 10 years
- No higher lending charges
- Free standard legal and basic valuation fees for remortgages
- Customers can make overpayments of up to 5 per cent during the first 10 years
- Maximum 95 per cent LTV
- Fully portable for any customers who move home
John Barker, head of mortgages at Co-operative Financial Services, said: “This new mortgage will suit customers who are looking for the peace of mind that a longer term fixed mortgage can offer. However they will not only benefit from an extremely competitive fixed rate, but they will also have the flexibility of a portable product, which will allow them to take their mortgage with them if they want to move.”
