A new combined offset tracker mortgage has been announced by Coventry Building Society.
The charges for the new deal stands at the base rate plus 0.10 per cent, meaning the current interest rate is 5.60 per cent. The mortgage offers free valuation for borrowers, while those looking to remortgage have the opportunity of free legal fees.
Other charges include an £800 arrangement fee and a £199 booking fee. There is no charge for early repayment.