New Offset Mortgage from Coventry Building Society

Coventry Building Society

Offset mortgages allow borrowers to combine their savings and their mortgage and save money by paying less mortgage interest.

Coventry Building Society have just added a new offset mortgage to their range, which also offers an interest rate of 4.99% fixed until 31st Dec 2007.

The key features of this latest offset mortgage from Coventry Building Society are:

  • 4.99% fixed until 31 December 2007
  • Followed by +0.75% above Bank of England Base Rate for the term
  • Free valuation
  • Free legal fees for remortgagors
  • Daily interest
  • £199 booking fee
  • £350 arrangement fee
  • Early redemption charges of 2.50% of balance repaid to 31 December 2007
  • Option to pay 5.00% per annum without penalty

tel: (0845) 766 5522

Read more about: Fixed Rate Mortgages, Offset Mortgages