Mixing and Matching Mortgage Proportions
August 26th, 2010
The Co-operative Bank (co-operativebank.co.uk) and Britannia (britannia.co.uk) have recently enhanced the flexibility of their mortgage range by allowing customers to ‘mix and match’ mortgage deals for only a single application fee.
Borrowers will be able to fix and track different amounts of their home loan with no additional restrictions, which means that they can combine any proportion of the two mortgage products.
All Co-operative Financial Services (cfs.co.uk)) mortgages are available to combine, although customers must mix and match loans designed for their Loan To Value (LTV).
The move will allow borrowers to keep the flexibility of a tracker mortgage, while benefiting from the security of a fixed-rate mortgage at no extra cost.
