Variable tracker mortgage gets 5 stars | Product News - Moneyfacts

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Variable tracker mortgage gets 5 stars

Variable tracker mortgage gets 5 stars

Category: Mortgages
Date: 16/01/2015

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 It is now over 6 months old so the content may be out of date.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 selected rates by up to 0.24%. One of the deals to benefit was its variable tracker mortgage, which has improved its position within the Moneyfacts charts as a result.

The basics…

This mortgage now has a variable rate for term of 2.35%, earning it a place among the top 10 of its sector. It is available at a loan-to-value (LTV) of 85% and has a competitive fee of £800.

The finer details…

This deal is open to first-time buyers, homemovers and remortgagors with a 15% deposit. All borrowers can benefit from an incentive package of free valuation (max £670) while those looking to remortgage can also take advantage of the offer of free legal fees.

Customers are granted a degree of flexibility over their repayments with the option to make overpayments and take payment holidays, provided certain conditions are met.

Why we like it…

This latest rate reduction has improved the competitiveness of this mortgage. Not only does it have an attractive rate but it also has a generous incentive package and flexible repayment options, making this product a true best buy.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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