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.