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Co-op launches green mortgage range

The Co-operative Bank is launching a range of green fixed rate mortgages.

As part of its new range the bank is offering customers a free home energy report with their property valuation, which assesses the energy efficiency of the property and identifies ways in which it can be improved.

In addition, for the duration of the mortgage, the Co-operative Bank makes an annual donation to climate care to help tackle global warming.

The bank says houses are one of the largest sources of carbon dioxide emissions in the UK and, by using the banks annual donation, climate care will be able to offset around one quarter of an average homes carbon dioxide emissions each year for the lifetime of the mortgage.

John Barker, head of mortgages at the Co-operative Bank, says: With the current climate of uncertainty surrounding base rate changes, these new products offer customers an excellent rate and peace of mind that their rate will remain fixed at this level for the initial period of the loan.


Lending up for Tipton & Cosely

Tipton & Cosely reports a near 30% rise in gross mortgage lending, up to £73.22m in 2006. Assets increased by 9.92% to £316m and there was a reduction in management expenses.

Leeds launches fee free five-year fixed

Leeds has released a fee-free five-year fixed rate product at 5.99%.The new product is available up to 90% LTV, has no higher lending or completion fee, and allows 10% capital repayments each year without penalty. Jeff Kirk, corporate relationship manager at Leeds, says: “This five-year fixed offers outstanding value, with certainty of payments in a […]

Retirement Plus joins forces with Co-Op

The United Co-Operatives and its affinity partner Retirement Plus are to promote equity release plans through more than 900 outlets in the North of England, in the first equity release joint venture involving a major retailer.Retirement Plus will promote equity release through Uniteds food stores, pharmacies, travel agencies, car sales and funeral outlets, under an […]


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