Online bank Cahoot has announced the launch of a range of fixed rate, tracker and flexible mortgages.
The mortgages, offered in conjunction with Abbey, will constitute a trial run for the bank till January.
It will launch its own mortgage range in future if the trial proves successful. Currently the mortgages are only available over the phone.
John Goddard, managing director of Cahoot, said: “With this new range of mortgages we’re dipping our toe in the market and testing the demand for mortgages with Cahoot.
“As these mortgages are only available over the phone they will really suit people who are comfortable without face-face help from a mortgage adviser.”
Each mortgage has the option of either a higher booking fee and lower interest rate, or a lower booking fee and higher interest rate.
The Flexible Plus mortgage also comes with features such as overpayments, payment holidays and underpayments.
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