Beat the mortgage rate increases with Deal Direct.
Coventry Building Society has reviewed its 5 year fixed term mortgage offering for up to 90% LTV and cut its rates.
However, as The Bank of England increased the base rate last week, these reductions may not remain available for long.
- A 90% LTV with a fee is now available at a rate of 2.69% - a reduction of 0.16%.
- A 90% LTV without a fee is now available at a rate of 3.05% - a reduction of 0.14%.
- A 90% LTV flex loan is now available at a rate of 3.05% - a reduction of 0.16%. This loan is subject to a fee but not to any early repayment charges.
The increase in the base rate has come as a much-anticipated response to curb the rise of inflation in the UK. This has prompted lenders to begin a program of repositioning themselves in the market to take the rise into account.
As a result, some increases in mortgage rates are being seen, as with NatWest for example, whereas reductions are being made by others, e.g. Nationwide.
What does this mean for you, the customer?
As with these latest offers from Coventry, it’s plain that there are some great mortgage deals that you can take advantage of, but only if you act quickly. Deal Direct can help you lock into a low-rate mortgage for the next 2, 3, 5 or 10 years, that safeguards your pocket against the further predicted rate rises.
To discuss how we can help you call 0800 048 8828.
