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FOR INTERMEDIARY AND PROFESSIONAL ADVISORS ONLY. NOT FOR CONSUMER USE.

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Offset products

Product code search

Offset quick links

Before you select a product from the table below, you can find out more about Offset including how to calculate the potential benefits for your client and their affordability. When you have chosen your product use the quick links to check our lending policy before creating your case.

Affordability calculator Lending policy Create case

All Offset products are provided by Coventry Building Society.

Product name
and code
Current rateMax
LTV
Application and
Product Fees
RMTS incl. RMTS stands for Remortgage Transfer Service. Find out more about this service here.Valuation incl. Where a valuation is included, please see product details for the maximum value. ERC-
free Where an Early Repayment Charge is payable, please see product details for further information.
OFN36
Offset 1.39% Fixed rate to 31.12.19
1.39% 50% Application fee: None
Product fee: £999 (can be added to mortgage)
YesYesNo
OFL59
Offset Flexx for Term
1.59% 50% Application fee: None
Product fee: £999 (can be added to mortgage)
YesYesYes
OFN40
Offset 1.99% Fixed rate to 31.12.22
1.99% 50% Application fee: None
Product fee: £999 (can be added to mortgage)
YesYesNo
OFN37
Offset 1.49% Fixed rate to 31.12.19
1.49% 65% Application fee: None
Product fee: £999 (can be added to mortgage)
YesYesNo
OFL60
Offset Flexx for Term
1.69% 65% Application fee: None
Product fee: £999 (can be added to mortgage)
YesYesYes
OFN41
Offset 2.05% Fixed rate to 31.12.22
2.05% 65% Application fee: None
Product fee: £999 (can be added to mortgage)
YesYesNo
OFN43
Offset 2.85% Fixed rate to 31.12.27
2.85% 65% Application fee: None
Product fee: £999 (can be added to mortgage)
YesYesNo
OFN38
Offset 1.55% Fixed rate to 31.12.19
1.55% 75% Application fee: None
Product fee: £999 (can be added to mortgage)
YesYesNo
OFL61
Offset Flexx for Term
1.85% 75% Application fee: None
Product fee: £999 (can be added to mortgage)
YesYesYes
OFN42
Offset 2.19% Fixed rate to 31.12.22
2.19% 75% Application fee: None
Product fee: £999 (can be added to mortgage)
YesYesNo
OFN39
Offset 1.69% Fixed rate to 31.12.19
1.69% 85% Application fee: None
Product fee: £999 (can be added to mortgage)
YesYesNo

Making your application

To help you provide the best possible service to your client and to avoid incurring unnecessary costs please check that your client’s circumstances meet our residential lending policy before submitting their application.

Then produce a DIP and, subject to our acceptance at this point, proceed to a full application.

Together we can get your client’s case moving. Help our underwriters process cases efficiently by reading our residential submission guidelines (PDF 64KB)Opens in a new window.

Application and valuation fees (where applicable) are payable on application, and are non-refundable. The application will not be processed until these fees are received. This means the product is not reserved and a valuation will not be instructed.

Our Remortgage Transfer Service

Your client could take advantage of our quick and easy Remortgage Transfer Service when they transfer their existing mortgage to a new product with us.

Privilege Rate

Our Privilege Rate is only available to existing borrowers of Coventry Building Society, with a Residential owner-occupier mortgage, who have remained on the same mortgage product and/or the Society's Standard Variable Rate (SVR) for a total period of five years or more. The Privilege Rate, which is variable, is set independently of, but will not be higher than, the SVR.