Site Search:

Add to Favorites - Compare mortgage ratesMortgage Update Newsletter

0800 801079


mortgage quote, remortgage quote, equity release quote Search mortgages
Types of mortgage rates

New offset mortgage rates from Coventry

New offset mortgage rates from Coventry
The Coventry Building Society has today announced the launch of two new offset mortgage rates. An offset mortgage allows borrowers to offset the balance of a designated savings account against their outstanding mortgage for the purpose of calculating the interest to be charged, and can therefore result in significant savings for those with cash to put in the savings account.

The schemes consist of a 6.19% fixed rate with a £199 booking fee and an £800 arrangement fee, and a 6.49% fixed rate with no booking or arrangement fees. Both schemes are available fixed for either three or five years, and are available to those borrowers wishing to borrow up to 50% of the property value. A free valuation for mortgage purposes, and a free remortgage transfer service is available to those customers wishing to switch to the Coventry from another lender.

Colin Franklin, head of sales at the Coventry said: "I’m sure that the combination of offset functionality, free valuation and free legal fees for remortgage customers will prove to be attractive to intermediaries and their clients. With many deals in the market demanding high fees, our fee-free option really is one of the best deals available."


Follow the link for information on the
Best Mortgage Rates available
 

Related Articles

Housing Market Improves Slightly

The Royal Institute of Chartered Surveyors (RICS) has today released a report indicating that the ho...
Published: 12-May-2009

Nationwide launch new variable rate mortgage

In an announcement made earlier this morning, the Nationwide has announced the launch of a new var...
Published: 27-Apr-2009

Conflicting data on house prices

Rightmove have today released data which conflicts with other major house price indices, and reports...
Published: 16-Mar-2009

Mortgage lending continues to fall

The Council of Mortgage Lenders (CML) has today confirmed that mortgage lending has continued to fal...
Published: 12-Mar-2009

CML wants simplified Homebuy

In a report released yesterday the Council of Mortgage Lenders (CML) urged the government to simplif...
Published: 11-Mar-2009






Latest News:

Housing Market Improves Slightly
The Royal Institute of Chartered Surveyors (RICS) has today released a report indicating that the housing market has improved slightly. In their Housi...
Published: 12-May-2009

Nationwide launch new variable rate mortgage
In an announcement made earlier this morning, the Nationwide has announced the launch of a new variable rate mortgage product priced at 3.99%. The n...
Published: 27-Apr-2009

Conflicting data on house prices
Rightmove have today released data which conflicts with other major house price indices, and reports an increase in the last month. The survey, which ...
Published: 16-Mar-2009

Mortgage lending continues to fall
The Council of Mortgage Lenders (CML) has today confirmed that mortgage lending has continued to fall during the first part of the year. The figures s...
Published: 12-Mar-2009

Rss News Feeds

Mortgage News Feed

Best Mortgage Rates, Equity Release Schemes, Remortgage Deals, First Time Buyer Mortgages