Coventry BS launch a low deposit 5 yr fixed rate mortgage.

There is high demand for lower deposit 5 yr fixed rate mortgage deals.

Historically low rates are on offer, but in general they are accessible by only a select few with deposits of 40% or more.

Looking for a lower deposit 5 yr fixed rate mortgage? Coventry BS advise they may have something to suit you.

To meet demand the building society has recently released several new 5 year fixes for up to 90% LTV, with rates starting at 5.19%. Both residential and buy to let mortgages are catered for in the new range.

As well as offering low deposit mortgages Coventry are also offering deals with low fees. A 5 yr fixed rate mortgage is on offer at 5.39% for 90% LTV with low fees of £499.

Also a lower preferential rate of 5.19% for 90% LTV is offered to Coventry building society members with fees of £199. If the applicant does not have an account they will still be considered for the preferential rate if their parents or grandparents have a savings account with the building society.

Coventry has also released a 5 year fixed rate at 5.19% for 85% LTV with fees of £499.

First time buyer incentives are also on offer such as a free property valuation worth up to £670.

A Coventry spokesperson commented saying that the lender believes first time property buyers need help to meet the costs of buying a first home. Adding that the new range with low deposits, low fees and competitive rates mean more buyers can achieve their home-owning dream.

If you want to compare all lenders 5 year fixed rates you are advised to contact Deal Direct, we can source you a competitive offer.

For a competitive low deposit quote

call one of our advisers.