Co-op Bank launches 10-year fixes from 5.29%

The Co-operative Bank and Britannia have launched a range of 10-year fixed rate mortgages.

The products are available up to 75% LTV and are available with both fee and fee-free options.

They include a 10-year fix at 5.29% with a £999 fee, and a 10-year fix at 5.69% with no fee, both available at 75% LTV.

The new deals will be available exclusively direct.

The lender has also reduced rates across a number of products in its fixed rate range by up to 0.40%.

Reductions include a cut of 0.30% on its three-year fix available up to 75% LTV, now at 4.39% with a £999 fee.

Meanwhile the lender’s five-year fix at 85% LTV has been reduced by 0.40% to 5.29%, with no fee.

James Hillon, head of mortgages at The Co-operative Bank, says: “We’ve already been recognised as the best provider of longer term fixed rate mortgages so the introduction of a new 10-year fixed rate range is the next step in giving borrowers even more choice.

“For those looking for the security and peace of mind offered by a product fixed for a longer term, this provides a welcome boost.”