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Coventry Building Society has lowered some of their existing two-year offset products and launched a new range of five-year and flexx for term offset deals.

Their existing 35% deposit two-year offset mortgage has been reduced by 0.74% from 3.49% to 2.75%. Coventry’s 20% deposit two-year deal is also more competitively priced at 3.39%. Both offset mortgages come with a £499 arrangement fee.

Aaron Strutt, a broker at Trinity Financial, says: "More of our clients are looking for ways to make use of their savings and offset mortgages are very useful.

"There is a huge amount of competition between the building societies at the moment and they need to consistently lower rates to remain competitive."

April 19, 2013

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