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Coventry Building Society – 5.99% Offset Fixed Rate

Coventry Building Society

5.99% Offset Fixed Rate

Type: Offset fixed-rate mortgage

Fixed term: Until September 30, 2017

Fixed rate: 5.99%

Minimum loan: £25,001

Maximum loan: Up to 95% of valuation subject to a maximum of £250,000, up to 90% of valuation subject to a maximum of £400,000, up to 80% of valuation subject to a maximum of £750,000, up to 75% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed without penalty, one free mortgage valuation subject to a £650 maximum, free legal fees for remortgages if in-house solicitors used or £200 contribution towards legal costs, mortgage not available for properties in Northern Ireland and Scotland
Flexible features: Overpayments, payment holidays of up to three months a year, interest calculated daily, offset facility

Arrangement fee: £600 plus £199 booking fee

Redemption fee: 4% of the amount repaid in the first five years

Introducer’s fee: Subject to negotiation

Tel: 0845 7573612

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