Home  -  Mortgages

Smile Launches Discount Tracker Mortgage

Internet bank Smile launches new tracker mortgage with a discounted rate for first year

25th May 2006

Internet bank Smile have launched a new tracker mortgage with a 12 month discounted rate of 3.99%, a discount of 0.51% over the Bank of England base rate.

After the first year, the rate will revert to 0.75% above the base rate and will track any changes in interest rates for the duration of the loan.

The mortgage is provided by The Co-operative Bank, of which Smile is the online / direct banking arm, and as with many Co-op products there's an element of ethical finance involved, in this case an annual donation made by Smile to global warming charity Climate Care.

Products from Smile : Credit Card,  Current Account,  Personal Loan

Products from Co-op Bank : Co-Op Travel Card,  Co-op Advantage Platinum,  Co-op Clear Card,  Co-op Unsecured Loans,  Co-operative Bank Car Loans

More Co-op Bank News : Co-op Introduces Monthly Fee,  Bad Debts Hit Co-op Profits,  Housing Organisation to Provide Tenant Loans and Mortgages,  Ethical Savings and Investment Worth £10bn,  Union Anger at Co-op Ultimatum,  See all 16 Co-op Bank stories >>>

More on Ethical Finance : Ethical Savings and Investment Worth £10bn (News, 04/08/2005),  Co-op Launches New Ethical Engagement Policy (News, 28/06/2005),  CIS Launches First 'Ethical' CTF (News, 01/03/2005),  Ethical Finance Worth £9bn (News, 29/12/2004),  Ethical Boycotts Cost Business £2.6bn a Year (News, 09/12/2003)

Home  -  Mortgages