Co-op suspends intermediary fixed-rate sales

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Co-operative Bank is to suspend offering its fixed-rate mortgages through intermediaries as part of a promotion aimed directly at consumers.

Co-operative Bank has announced it will waive application fees across its entire range of fixed rate mortgages. The deal is for a limited period and includes fixed rates from two years to 25 years and also the Co-operative first time buyer fixed-rate. The deal has a limited amount of funding and it is expected that brokers will be able to resume selling Co-operative fixed-rate products when the current tranche runs out. If you would like to comment on this story, contact: John Bakie Tel: 020 7484 9805 e-mail: [email protected] IFAonline

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