New offset tracker with no ERCs from the Coventry

5 June 2007

A new highly competitive offset tracker mortgage is being launched by Coventry Building Society on Thursday 7 June.

Key features of this tracker product are:

+0.10% Flexx Base Rate Tracker until 30 June 2009
Current applied rate 5.60%
Free valuation
Free legal fees for remortgagors
No early repayment charges
£199 booking fee
£800 arrangement fee

Colin Franklin, Head of Sales at the Coventry said: “The new offset product is ideal for borrowers who want to combine their mortgage and savings. The product combines a low pay rate and offers borrowers the flexibility of no early repayment charges enabling them to reduce their capital without penalty.”