Coventry Building Society Offset Mortgages

Latest Deal - NatWest 2 Year Fixed »NatWest Mortgages

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1.19%Reverts to 3.75% after 2 years


Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.19%

Reverts to 3.75%

2

Years

60%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Fixed

1.37%

Reverts to 4.24%

3

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.
Tracker

1.59%

Reverts to 3.75%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Tracker

1.82%

Reverts to 3.75%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed

1.73%

Reverts to 3.75%

5

Years

60%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.10% APRC. This is the cost of the mortgage over the full term.
Fixed

1.73%

Reverts to 3.75%

5

Years

60%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Fixed

1.79%

Reverts to 4.24%

5

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Fixed

2.88%

Reverts to 3.75%

2

Years

85%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Fixed

2.94%

Reverts to 3.69%

10

Years

80%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Fixed

4.33%

Reverts to 3.75%

2

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Since 1884, Coventry Building Society have provided customers with a variety of different financial services and products. Over the years, the company has grown substantially and now has more than £1.5 million members and more than £21 billion in assets.

 

Offset Mortgages from Coventry Building Society may be highly useful for customers feel they can dedicate their savings to their mortgage. Using this type of mortgage deal, interest from linked savings or current accounts can be used to offset the cost of customer interest repayments.

 

Aside from Coventry building society, there are also a variety of other providers that may be advertising similar offers. Customers are therefore encouraged to shop around for comparisons on mortgage deals as much as possible, please see the FREE mortgage calulator below for comparisons on mortgage offers from these providers:


 

With an offset mortgage from Coventry Building Society, customers may link their Coventry instant access savings account to offset these costs. As well as this, customers can not only reduce their interest repayments but can also overpay on their mortgage to clear their debts earlier in the right circumstances.

 

The company offers several different types of offset mortgage that may be of use to customers, including:

  • An offset bank base rate tracker mortgage
  • An offset variable rate mortgage

 

As well as this, the company also offers several useful incentives as part of their mortgage deal. Customers can expect a free property valuation worth up to £670. A free remortgage transfer service is also included as standard, making switching over to Coventry even easier with no additional cost.

 

As is also the case with most other providers, there will also be a £199 booking for an offset mortgage with Coventry Building Society.  There may also be an arrangement fee of £800 that can be added to the mortgage.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker