Coventry launches offset deal

Amanda Jarvis

December 21, 2005

Key features of this fixed rate product are:

– 4.99% fixed until 31 December 2007
– Followed by +0.75% above Bank of England Base Rate for the term
– Free valuation
– Free legal fees for remortgagors
– Daily interest
– £199 booking fee
– £350 arrangement fee
– Early redemption charges of 2.50% of balance repaid to 31 December 2007
– Option to pay 5.00% per annum without penalty

The new product is available to borrowers who want to combine their mortgage and savings to benefit from this type of mortgage.

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