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Co-op and Britannia launch new 10-year fixed range

The Co-operative Bank and Britannia are to launch two new 10-year fixed rate mortgages.

The new products are available up to 75 per cent loan-to-value and are available with both fee and fee-free options, with rates of 5.29 per cent and 5.69 per cent respectively.

The lender has also reduced a number of three and five-year fixed rate products by up to 0.4 per cent.

Co-operative Bank head of mortgages James Hillon says: “For those looking for the security and peace of mind offered by a product fixed for a longer term, this provides a welcome boost.

“The reduction in rates across the rest of the fixed rate range also provides good news to borrowers who have the added option of both fee and fee free products to suit their individual needs.”

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