Coventry Building Society has reduced the rate of its three-year fixed mortgage by 0.10%, enabling it to move into the Moneyfacts charts.
This mortgage now has a competitive rate of 3.15% fixed until 31.12.18. It is available at a loan-to-value (LTV) of 90% and has a fee of £999.
All borrowers with a 10% deposit are welcome to apply for this deal. An incentive package of free valuation (max £670) and free legal fees is available, and borrowers can also take advantage of the option to make overpayments of up to 10% of the outstanding balance.
The rate reduction has enhanced this mortgage's competitiveness and enabled it to take a coveted place in the charts. Borrowers with more modest deposits are likely to welcome this update, particularly as the deal also comes with a generous incentive package, which will help those on a budget to keep upfront costs down.
Moneyfacts rating: Excellent
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