About this product
Coventry offset mortgages link a savings account to the mortgage, reducing the balance on which mortgage interest is charged. You must still make contractual mortgage payments. Product costs and the rate after the deal ends are set out in your mortgage illustration.
Advantages
- Linked savings reduce mortgage interest charged
- Repayment options depend on the offset mortgage selected
Things to consider
- Compare total costs against other mortgage and savings options
- Product terms determine access, fees and repayment conditions
Regulation and protection
Authorised by the Prudential Regulation Authority and regulated by the FCA and PRA for mortgage lending. Your home may be repossessed if you do not keep up repayments.