Co-operative Bank – UK Mortgage Lender
The Co-operative Bank is part of Co-operative Financial Services, which itself is part of the Co-operative Group, the UK's largest consumer co-operative. The bank originated as the Loan and Deposit Department of the Co-operative Wholesale Society, which was set up in 1872. It changed its name to the CWS Bank in 1876 and soon afterwards started offering banking services to personal customers. It became the Co-operative Bank in 1972 and re-entered the mortgage market in 2000.
The Co-op Bank has more than 100 branches throughout the UK.
Fixed Rate Mortgages: 2 year, 3 year, 5 year and 10 year fixed rate mortgages.
Discounted Mortgages: 6 month, 2 year and 3 year discounted variable rate mortgages.
Tracker Mortgages: 2 year, 5 year and lifetime tracker mortgages.
A complete and comprehensive bank that not only offers a good range of mortgages for most types of lenders but also allows borrowers to take a range of other services such as current accounts, credit cards, insurances and pension plans.
When considering the maximum amount that can be borrowed, the Co-operative bank will look at the bonus and commissions that a borrower receives in order to enable them to obtain a larger loan.
The Co-operative bank offers a range of flexible payments including underpayments, overpayments, holiday payments and no extended early redemption charges, giving borrowers the opportunity to manage their own future fully. Interest is calculated daily to allow the effect of any repayment to be felt immediately.