New market-leading two-year fixed rate mortgage from The Co-operative Financial Services

March 04, 2010

The Co-operative Financial Services (CFS) has added a market-leading two-year fixed-rate mortgage to its product range, which will be available through both The Co-operative Bank and Britannia.

Available from Wednesday 3 March, the product offers two options, based on the borrower's required loan to value:

  • 3.19% up to 75% LTV
  • 4.49% up to 85% LTV

Both options have an arrangement fee of just £999, making the deals amongst the best available in the mortgage market at the moment.

John Hughes, Business Leader Retail Products, said: "Following on from the recent launch of our longer term fixed mortgages, we have now added a two-year fixed rate option to our range to give our customers even more choice.

"Furthermore, the mortgages are available through all of our channels including both branch networks (Britannia and The Co-operative Bank), online and on the telephone - so our customers can also choose the channel which best suits their needs."

For more information about these mortgages, customers should visit their nearest branch, call 0800 0132322 (Britannia) or 0800 0288 288 (The Co-operative Bank) or log on to or 

For further information please contact
Jayne Dono / Catherine Laycock
The Co-operative Financial Services Press Office
Tel: 01538 393077 / 0161 903 3833

Notes to Editors

For media purposes only

  • All rates revert to Standard Variable Rate (SVR), currently 4.24%, after initial term
  • Typical APR is 4.2%
  • Maximum loan size is £1.5 million
  • Early Repayment Charges apply for the initial term of the mortgage.

Competitor Pricing


Lender Rate LTV Fee
The Co-operative Bank 3.19% fixed to 31/06/2012 75% Arrangement £849, Booking £150
First Direct 3.29% fixed for 2 years 75% Booking £499, Arrangement £499
ING Direct (UK) 3.29% fixed to 31/05/2012 75% Arrangement £750, Booking £195
Chelsea BS 3.43% fixed to 28/02/2012 75% Arrangement £995
Alliance & Leicester 3.69% fixed to 31/05/2012 75% Arrangement 2.0% Advance
HSBC 3.69% fixed to 30/04/2012 75% Booking £999
Abbey (Santander) 3.78% fixed to 02/06/2012 75% Booking £995


About The Co-operative Financial Services


The Co-operative Financial Services (CFS) is part of The Co-operative Group, which is the world’s largest consumer co-operative with around five million members, over £14 billion turnover, and core business interests in financial services, food, travel, pharmacy and funeral care. The Co-operative Group has over 5,000 retail trading outlets.

Following the merger with Britannia Building Society on 1 August 2009, CFS is one of the largest and well diversified mutual businesses operating in both retail and corporate markets.

As part of The Co-operative Group, the new business is characterised by its unique ethical and member reward policies and very high levels of customer advocacy.

The combined business has £70 billion in assets, 12,000 staff and nine million customers. It has over 300 high street branches, 20 corporate banking centres and a major presence in Manchester, London, Leek, Bristol, Plymouth, Skelmersdale and Stockport.

It is the only mutual organisation that enables its members to earn financial rewards for the products they hold, as well as giving them the opportunity to have a say in how the business is run.

The Co-operative Bank is authorised and regulated by the Financial Services Authority (No. 121885), subscribes to the Lending Code and the Financial Ombudsman Service and is licensed by the Office of Fair Trading (No. 006110).