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Coventry Building Society- Offset 4.79% Fixed Rate

Coventry Building Society

Offset 4.79% Fixed Rate

Type: Fixed-rate offset mortgage

Fixed term: Until September 30, 2011

Fixed rate: 4.79%

Minimum loan: £1,000

Maximum loan: Up to 75% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Conditions: Capital repayments of up to 5% a year allowed without penalty, one free valuation up to £640, free legal fees for remortgages or £200 contribution towards legal costs, available for properties in England, Wales, mainland Scotland and Northern Ireland.

Flexible features: Offset facility, payment holiday of up to three months a year after six months, interest calculated daily

Arrangement fee: £800 plus £199 booking fee

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

Introducer’s fee: Subject to negotiation

Tel: 0845 757 3612


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