View more on these topics

Co-op fixing for 10 years at 5.69%

The Co-operative Bank is offering a 10-year fixed-rate mortgage which offers flexibility in repayments and ecologically friendly features.

The rate is fixed at 5.69 per cent until April 30, 2012 and is available for loans up to 95 per cent loan to value. Interest is calculated on a daily basis. If the loan is used for a remortgage, the bank will pay legal and valuation fees.

Borrowers can set up a flexible fund which can be used to pay off up to 5 per cent of the mortgage balance each year without penalty. All or some of the fund can be withdrawn at any time or used to take a repayment holiday.

Homebuyers will get a free home energy rating report with the property valuation which will identify ways for improving energy efficiency.

The bank will make an annual donation to the ecological organisation Climate Care which works to tackle global warming, as it says houses are one of the major sources of carbon dioxide emissions in the UK. The donations will go to help a reforestation campaign in Britain.

Deputy chief executive Mick Firth says: “With interest rates at their current low levels, it is a good time for many borrowers to consider a fixed-rate mortgage. With our new 10-year fixed-rate mortgage, borrowers have the peace of mind of knowing that, however much interest rates may rise between now and 2012, the amount they are paying will not change.”


Yorkshire Guernsey – 3 Year Stepped Rate Bond

Thursday, March 28, 2002Type: High interest accountAim: IncomeMinimum investment: Lump sum £5,000Place of registration: GuernseyYield: 5% gross until April 30, 2003, 5.5% gross from May 1, 2003 toApril 30, 2004, 6.5% gross from May 1, 2004 to April 30, 2005Isa link: NoCharges: NoneCommission: NoneTel: 01481 710150

Baring appoints energy analyst

Baring Asset Management is appointing Peter Lynch as energy and utility analyst in the UK and European investment team. He will also work in the global sector team for resources and utilities.Lynch joins Barings from Merrill Lynch where he was a member of their oil and gas equity research team. He was previously a petroleum […]

Employers &#39are the real threat&#39 to falling provision

The Government has denied that pension provision in the UK is in crisis but says falling contributions from employers are the real threat to savings.Speaking at the Financial Services Forum about fears of a pension abyss as a raft of companies shut their final-salary schemes, Treasury economic secretary Ruth Kelly claimed many people are better […]

Reregister now or lose out, warns Cofunds

Cofunds is warning that IFAs should act quickly to reregister clients on the platform or risk losing out to more technologically advanced competitors.It follows the recent launch of reregistration services by FundsNetwork and Cofunds which allow IFAs to easily transfer clients&#39 existing assets on to the platforms.IFAs using the service automatically take any trail commission […]

What exactly is product innovation?

By Fiona Tait, Pensions Specialist Ros Altmann reportedly hoped for more product innovation following pension freedom¹ and, according to one poll, 66 per cent of advisers also believe that providers should be doing more². This article considers whether there is a real client need for new products, or whether we should be focusing our attention on efficient delivery […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm