Spotlight on: Co-op's five-year fixed mortgage
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The deal Co-operative Bank is offering a five year fixed rate mortgage at 3.39 per cent.
The good points You can’t get a lower five year fixed rate at the moment. The nearest is and offering from Yorkshire building society at 3.59 per cent.
The bad points To qualify you’ll need to have a current account with the Co-op as well as a deposit of at least 25 per cent. If you have only a 15 per cent deposit, the rate climbs to 4.24 per cent. The application fee is steep at £999.
Conclusion The Co-op is currently offering £200 if you switch current accounts to it so, combined with this offer, that could be a powerful inducement. However, you shouldn’t switch accounts just for the £200 bribe on offer or a cheap mortgage. Check your sums to ensure you really could save money.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments