Coventry mortgage rates are cut and a new product range is launched.
The Coventry Building Society has announced that its mortgage rates are to be cut, and new deals are to be added to its range.
Those with a 15% deposit and above stand to benefit most from the Coventry mortgage rate cut.
The new mortgage products launched include 2 year fixed rate deals, which are being offered at 4.33% and 4.53% to those with a 15% deposit. The lender advises that the rate of 4.33% is offered with a £800 fee and the higher rate of 4.53% is offered fee free.
Working out which deal offers the best value can be complex therefore you are recommended to call Deal Direct for advice. We are an independent broker not affiliated to any particular lender and therefore have access to all of the cheapest offers market wide.
Coventry mortgage rates have also been cut on deals offered to first time buyers. With a 10% deposit the Coventry Building Society are offering a 5 year fixed mortgage rate at 4.99%, which is a reduction of 0.2%.
A low booking fee of £200 is charged, but there is no arrangement fee which will help those first time buyers who struggle to meet lenders' high fees. On completion first time buyers will receive a £500 IKEA card to help with the costs of furnishing their first home.
If you are looking to compare Coventry's mortgage rates against the wider market call a Deal Direct adviser.
Do not delay contact us today for a competitive mortgage offer.
