Coventry BS increases rate on variable for term mortgage

Michael Lloyd

October 31, 2019

Coventry Building Society has increased the variable rate for term mortgage at 90% LTV by 0.10%.

Priced at 2.49% variable for term, the product is available to all borrower types and comes with a £999 product fee all of which can be added to the mortgage advance.

Rachel Springall, finance expert at Moneyfacts, said: “This week, Coventry Building Society has increased the rate on its variable for term mortgage by 0.10%.

“Despite the rise, the deal offers a competitive package of free valuation for all, free legal fees for remortgage customers, and offers the lowest rate in this limited sector.

“Borrowers looking for a bit of flexibility with their mortgage should find this deal appealing, plus the upfront fee can be added to the mortgage advance.

“As a result, the deal earns a Moneyfacts product rating of outstanding.”


Sign up to our daily email