Property News · July 6, 2016

Coventry building society to launch lowest ever 10-year mortgage


Lender will offer 2.39% fixed-rate loan to borrowers with a 50% deposit, as experts predict further cheap deals are on the cardsThe lowest 10-year mortgage rate on record is set to be launched on Friday, and more cuts could be on the cards as lenders take advantage of falling money markets to offer cheap deals. Coventry building society is to offer a rate of just 2.39% for borrowers willing to fix their loan for a decade. The mortgage, which beats the previous best-buy rate of 2.84% from Leeds building society, has a fee of £999 and is available only to borrowers with a minimum 50% deposit. Continue reading…

Source : theguardian.com
Read more…Coventry building society to launch lowest ever 10-year mortgage

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