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Coventry reduces and launches new offset deals

Aaron Strutt Image

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

As seen in
sunday times telegraph financial times bbc news the express the times
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