Offset mortgages
If you like the idea of paying your mortgage off early or reducing your monthly payments and have some savings tucked away, an Offset mortgage could be for you.
With Offset, your mortgage is linked to a dedicated Coventry instant access savings account, and instead of earning interest on your savings, the benefit is paid tax free to your mortgage.
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Offset mortgages
If you like what you see apply online, call us on 0845 601 5216 or visit your nearest branch.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Mortgage
product | Current rate | Term | Overall cost for comparison is | Early Repayment Charge | Max LTV | How to apply |
|---|
|
| Offset +2.49% Bank Base Rate Tracker to 31.03.14 More information including fees  | 2.99%
| A +2.49% Base Rate Tracker until 31.03.14, currently 2.99%.
Followed by Standard Variable Rate until 31.03.17, currently 4.74%.
Followed by Privilege Rate for the remainder of the mortgage, currently 4.49%.
| 4.5% APR
| Yes | 65%
| |
| Offset Flexx for Term More information including fees | 3.49%
| Variable rate for term, currently 3.49%
| 3.6% APR
| No | 75%
| |
| Offset Flexx for Term More information including fees | 3.99%
| Variable rate for term, current applied rate 3.99%
| 4.1% APR
| No | 85%
| |
Privilege Mortgage Rate is a special rate for qualifying Coventry Residential mortgage customers. To qualify, customers must currently be a Coventry Residential borrower on a Coventry product (or Coventry SVR linked product), and have held this product for the last 5 years.
Booking and Valuation Fees (where applicable) are payable on application, and are non-refundable. Until these fees are received the application will not be processed. This means the product is not reserved and a valuation will not be instructed.
The maximum amount of savings against which you will earn offset benefit is the equivalent of 100% of your mortgage balance. You will not earn an offset benefit on any savings above this amount.
If you are remortgaging, have a look at what's included in our Remortgage Transfer Service.
