Coventry Building Society has reviewed its mortgage range and reduced rates by up to 0.20%. One product receiving the maximum reduction is the 4.15% variable for term mortgage, strengthening its position in the Moneyfacts charts.
Now priced at 3.95%, Coventry BS's variable rate mortgage is available up to 90% loan-to-value. The fees have also been reduced from £999 to £499.
This mortgage is available to remortgagors, first and second-time buyers with a deposit of at least 10%. The flexibility of being able to take payment holidays and make overpayments adds to the appeal.
All mortgage applicants can benefit from a generous incentive package of free valuation fees of up to £670, while remortgagors also have free legal fees.
This product was already a Moneyfacts best buy, but the reduced rate and fee have driven it further ahead of its rivals. The incentive package of free valuation and, for remortgagors, free legal fees, sweetens this offer from Coventry BS even more and makes it a highly competitive choice for those with a small deposit.
Five Moneyfacts Stars have 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 Any products featured may be withdrawn by their provider or changed at any time.
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