Account Summary
Offset Flexx for Term
Product NameOffset Flexx for Term
Current Rate 3.75%
TermVariable rate for term, current applied rate 3.75%

The overall cost for comparison is
3.9% APR
Fees/Incentives
(Fees will not be refunded)
  • Booking Fee: £199.00 (paid on application)
  • Arrangement Fee: £300.00 (can be added to mortgage)
  • Remortgage Transfer Service included
  • ONE mortgage valuation up to max. £650.00 included
    • Early Repayment Charges

    None

    Maximum Loan to Value
    (LTV)     		75%
    Interest ChargedDaily

    Your home may be repossessed if you do not keep up repayments on your mortgage.

    The Coventry Offset

    Our Offset mortgage is a simple, flexible way to use the balance in a dedicated instant access savings account to either reduce the amount owed on your mortgage or your next normal monthly repayment. To give you real flexibility of choice you can swap between these two options at any time so you really are in control. Also, 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 04.03.10

    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