Cooperative Bank launches new 'ethical' fixed-rate mortgages

08-Mar-2007

The Cooperative Bank yesterday announced the launch of a new range of environmentally-conscientious mortgages, which may be of interest to prospective first time buyers.

With most products available to all borrowers, including first time buyers, the new range of mortgages is available with interest rates from 5.79 per cent.

Fixed-rate products specifically for first time buyers are also available, with interest rates fixed at 5.89 per cent for a period of three years.

To find out more about this mortgage and other mortgages for first time buyers, click here.

"With the current climate of uncertainty surrounding base rate changes, these new products offer customers an excellent rate and peace of mind that their rate will remain fixed at this level for the initial period of the loan," said John Barker, head of mortgages at the Cooperative Bank.

As part of the environmentally-conscientious range, all new mortgage products will attract a home energy report free of charge with every valuation, in addition to an annual donation being paid to Climate Care for every year of the loan.

Established in 1998, Climate Care was established in order to limit the effects of global warming.

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