3-yr fixed mortgage enters the charts | Product News - Moneyfacts

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3-yr fixed mortgage enters the charts

3-yr fixed mortgage enters the charts

Category: Mortgages
Date: 09/10/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Coventry Building Society has reduced the rate of its three-year fixed mortgage by 0.10%, enabling it to move into the Moneyfacts charts.

The basics…

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.

The finer details…

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.

Why we like it…

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

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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