| Product Name | 5.20% Fixed rate to 30.09.20 |
|---|
| Current Rate | 5.20% |
|---|
| Term | 5.20% Fixed rate until 30.09.20Followed by Privilege Rate for the remainder of the mortgage, current applied rate 4.49%. |
|---|
| The overall cost for comparison is | 5.2% APR
|
|---|
Fees/Incentives (Fees will not be refunded)
| Booking Fee: £199.00 (paid on application)Arrangement Fee: £800.00 (can be added to mortgage)Remortgage Transfer Service includedONE mortgage valuation up to max. £650.00 included |
|---|
| Early Repayment Charges | 4.00% of the balance repaid until 30.09.20 You can repay up to 5% of the capital p.a. without an early repayment charge. |
|---|
Maximum Loan to Value (LTV)
| 70% |
|---|
| Interest Charged | Daily |
|---|
Your home may be repossessed if you do not keep up repayments on your mortgage.
Put some guarantees back into your life by opting for a fixed rate. No matter what happens to general rates you can be sure your monthly payments won't change for the period of the fixed rate.
Flexibility
Flexibility with interest charged daily and once you've made 6 months payments, and if your mortgage is up to date, you can apply for a payment break of up to three months each year (during which interest continues to accrue).
Remortgage Transfer Service
Our Remortgage Transfer Service will make moving your mortgage to the Society even easier, and we'll do it without any additional cost! For full details of what's included in this service please see the 'Remortgage Transfer Service' leaflet.
Should you wish to pay your mortgage off before the end of the agreed term, a £125.00 redemption fee will be payable, plus any applicable early repayment charges.
Additional Notes
You may have one standard mortgage valuation (up to a maximum of £650) which must be carried out by a valuer instructed by us. If you opt for a more extensive Homebuyers Report we will discount the cost of this by the amount of the standard mortgage valuation (up to a maximum of £650).
Launch date 16.07.10
Coventry Building Society is authorised and regulated by the Financial Services Authority (FSA reference number 457622). Security is required for any mortgage. Mortgages, which must be first charges, are only available to people aged 18 or over - subject to status.
Coventry Building Society, Economic House, PO Box 9 High Street Coventry CV1 5QN