Coventry BS unveils 5-star variable-rate mortgage | Product News - Moneyfacts

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Coventry BS unveils 5-star variable-rate mortgage

Coventry BS unveils 5-star variable-rate mortgage

Category: Mortgages
Date: 09/05/2013

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 It is now over 6 months old so the content may be out of date.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 cut the rate on its variable-rate mortgage for term, catapulting it to the top of the Moneyfacts best buy tables.

The basics…

Available to purchase and remortgage applicants with deposits of 25% and over, this deal offers a market-leading rate of 2.55% variable for term.

The finer details….

A fee of £999 is payable, of which £199 is required upfront.

All borrowers will receive free valuation fees, up to the value of £670, whilst those remortgaging can also take advantage of free legal fees.

The flexibility to make overpayments and take payment holidays is also offered, subject to the lender's approval.

Why we like it….

A rate cut of 0.30% has broadened the appeal of this already competitive mortgage even further. Offering a good all-round variable-rate package, this deal has been awarded five out of five Moneyfacts Stars.


What next?

Compare variable and tracker rate mortgages
Compare discounted rate mortgages
How much can you borrow calculator

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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