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Co-operative Bank re-launches it's 25 year fixed rate mortgage deal

This week sees the re-launch of the Co-operative Bank's 25 year fixed rate mortgage deal, which is available for up to 95% loan-to-value, has an arrangement fee of £599 and charges a fixed mortgage rate of 5.95%. It also offers a free valuation & legal fees for borrowers re-mortgaging.

The Co-operative's 25 year fixed rate mortgage deal is amongst the market leading fixed mortgage rates, and with the added benefit of only a 10-year tie in period, it offers great flexibility. With a below average arrangement fee of £599, the upfront costs of this deal are appealing too.

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With over 100 products available to those looking to fix their mortgages for 10 years or more, there is certainly growing choice. With rates not dissimilar to many shorter-term fixed mortgage deals, the true benefit is paying only one upfront fee. But even 10 years is a long-term commitment, and should you need to exit this fixed rate mortgage deal for any reason, the early redemption charges can be costly.

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