Co-operative 90% LTV mortgage introduced with new guidance

Date:Thursday 29th April 2010
Author: Max Freedman

The Co-operative and partner firm Britannia are set to offer 90 per cent loan-to-value (LTV) mortgages and have highlighted the support that customers can receive in-branch and online.

Rod Bulmer, managing director of retail for the Co-operative Financial Services, explained that mortgage advisors at Britannia outlets can help first-time buyers understand the different deals available.

He pointed out that there is the possibility of seeing a professional on a Saturday or early evening during the week and if this does not suit people then they can check online during a time that is convenient to them.

"We are keen to do as much as possible to help support mortgage customers as we're aware that buying a house can be confusing at the best of times," remarked Mr Bulmer.

The 90 per cent LTV mortgage deal is being offered from April 30th as a two-year and five-year fixed-rate product and a three-year tracker, with interest starting from 4.49 per cent.

Last month, the Co-operative Financial Services representative welcomed the decision to raise the stamp duty threshold and suggested it could encourage confidence in the market.