Co-op customers face mortgage rises

Updated
Co-operative Bank
Co-operative Bank

Around 54,000 customers at the Co-operative Bank are facing a rise in mortgage payments after the mutual became the latest provider to push up its cost of lending.


The Co-op Bank said it will lift its standard variable mortgage rate by 0.5% to 4.74% from May 1, meaning payments will typically go up by around £15 a month, or £180 a year.

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