Coventry BS reduces 5-yr mortgage | Product News - Moneyfacts

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Coventry BS reduces 5-yr mortgage

Coventry BS reduces 5-yr mortgage

Category: Mortgages
Date: 30/10/2014

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 It is now over 6 months old so the content may be out of date.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 its five-year fixed rate mortgage by 0.30%, earning it a five-star review and a place among the best buys.

The basics…

This mortgage now has a rate of 3.29%, fixed until 31.12.19, at a loan-to-value (LTV) of 80%. A low fee of just £199 is payable.

The finer details…

First-time buyers, second-time buyers and remortgagors are all welcome to apply for this mortgage, provided they have a 20% deposit.

All borrowers can benefit from an incentive package of free valuation (up to £670) while remortgagors can also profit from free legal fees.

Repayments can be flexible with overpayments of up to 10% of the outstanding balance permitted.

Why we like it...

This deal from Coventry BS is very competitive and offers one of the lowest rates available in its sector. The very low fee and great incentive package are added bonuses and will appeal to those who are looking to keep their set-up costs down.

The highest accolade of five Moneyfacts Stars has been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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