Coventry Building Society (High Street, Coventry, CV1 5QN) is offering a range of new fixed-rate mortgage deals.
If you sell your house or change to another lender, you’ll be paying back your loan early, which many mortgage lenders will charge a penalty fee for doing, particularly during any period of a fixed, capped or discounted rate. The new deals by CBS launched on August 12, 2011 and include 2, 3, and 5 year mortgages, with no early redemption charges.
Solicitors when Conveyancing in Coventry are obliged to give an undertaking to the buyer's solicitor prior to completion, that on completion he will repay all charges registered against the property.
Before he can give such an undertaking, he must have written evidence, supplied by the lender, of how much is needed to repay the debt as at completion, in the form of a redemption statement.
Good news for Buyers Conveyancing in Coventry
The deals by CBS are definitely a benefit for future home owners in the area as you have the flexibility to sell your property and/or the opportunity to switch to a different lender at any time. For borrowers who would prefer a product without an arrangement fee, CBS is also launching a range of fixed rates over the same terms with no arrangement fee payable. This additional range of deals with no arrangement fees starts at 3. 25% fixed to September 30th, 2013 and once again includes 3 and 5 year deals up to 85% LTV (Lending to Value).
Solicitors, Conveyancing in Coventry, anticipate a rise in instructions as a result of the news from CBS this past week.
If you are buying or selling a home in Coventry and would to like to instruct an experienced local Solicitor to handle your Conveyancing in Coventry, contact Fridaysmove on 0330 660 0286.