cahoot is an internet bank in the United Kingdom, launched by Abbey, which is now part of Grupo Santander of Spain. The bank was launched in 2000 as the internet bank of Abbey, and as at the end of 2004 had some 650,000 customers
cahoot offers current accounts, savings accounts, loans, sharedealing, mortgages and credit cards. Within its product range, cahoot's innovate webcard is notable for its ability to generate an individual, one use card number for each online transaction.
cahoot acts as an introducer for the travel insurance, motor insurance and home insurance, which are all provided and underwritten by Norwich Union Insurance Limited
Winner of MoneyŁacts 'Best credit card (standard rate)'. Up to six weeks interest free credit.
Free purchase protection
Up to six weeks interest free credit
Payment protection
Randomly generated card number every time that you buy something over the internet
Greater security with CHIP and PIN
Cahoot offers Abbeys full selection of mortgage products. The range includes:
Trackers, which as the name suggests, track the Bank of England base rate at the start of your mortgage.
Fixed rates - giving you peace of mind as you'll know exactly what you'll be paying
Flexible mortgages - so you can keep your options open with a range of flexible features
Online banking services from Abbey National.Current accounts, personal loans, stockmarket peformance linked savings accounts and credit cards. Banking via WAP phones available with offer of free handset. Telephone banking available
Cahoot offers a fixed rate loan and a flexible loan - meaning that you can tailor it to suit your lifestyle. Choose the flexible loan if you prefer to have a flexible way of repaying and borrowing additional money. Alternatively choose the fixed rate loan if you prefer to borrow one lump sum and have the certainty of knowing that the monthly repayments will always be the same. There are advantages and disadvantages for both types of loan but this choice makes Cahoot an attractive lender from all angles
Cahoot is not endorsed by or associated with the Good Finance Guide. All trademarks remain the property of their respective companies.
Mortgage code compliance board
You and Your Mortgage
The Mortgage Code sets standards of good practice as to how mortgage lenders and intermediaries deal with their customers.
When sourcing your mortgage you should check that your lender or intermediary is registered under the Mortgage Code. More than 150 lenders and 13,000 intermediary firms, covering virtually the entire market, have registered under the Code. If a lender or intermediary fails to meet the standards of the Mortgage Code, and you suffer as a result, you have the right to seek redress under a compulsory complaints process.
You, as a potential mortgage customer, must be given a copy of the leaflet 'You and Your Mortgage' at your first discussion about a mortgage. The leaflet outlines the standards which mortgage lenders and intermediaries have to meet.
