Mortgage from Coventry BS soars to first place | Product News - Moneyfacts

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Mortgage from Coventry BS soars to first place

Mortgage from Coventry BS soars to first place

Category: Mortgages
Date: 07/10/2014

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 It is now over 6 months old so the content may be out of date.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 variable for term mortgage by 0.10%, allowing it to leap-frog its competitors into a market-leading position.

The basics…

This variable mortgage now has a market-leading rate of 1.89% at a loan-to-value of 65%. A low fee of £499 is payable.

The finer details…

First-time buyers, second-time buyers and remortgagors with the right deposit are all welcome to apply. All borrowers can benefit from an incentive package of free valuation (up to £670) while those looking to remortgage can also receive free legal fees.

Borrowers are offered a great deal of payment flexibility with the option to make overpayments as well as take payment holidays for up to three months every year, subject to approval.

Why we like it…

The rate reduction on this mortgage has secured it a place at the top of our charts, something that is sure to attract the notice of borrowers with the right deposit. The low fee, great incentive package and flexible repayment options give this mortgage offer an added boost, making it a great all-round product.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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