Coventry Building Society has reduced the rate on its five-year fixed mortgage by 0.10%, cementing its place in the charts and earning it an 'excellent' rating in the process.
This deal now has a rate of 2.75% fixed until 30.6.21, which allows it to sit comfortably in the charts. It is available at a loan-to-value (LTV) of 85% and has a fee of £999.
All borrowers who have a deposit of 15% are welcome to apply for this mortgage. An incentive package of free valuation fees (max £670) is offered to all applicants while those looking to remortgage can also take advantage of free legal fees.
Overpayments of up to 10% of the outstanding balance are also permitted, giving borrowers some welcome flexibility.
Borrowers who are searching for a competitive five-year fixed mortgage are likely to welcome the rate reduction to this deal. It now has an attractive rate and an enticing incentive package, particularly for remortgagors, as well as benefiting from some repayment flexibility.
Moneyfacts rating: Excellent
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