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.

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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