The rate has been increased by 0.10% to reach 2.49% variable for term.
Coventry Building Society has increased the variable rate for term mortgage at 90% LTV by 0.10%.
Priced at 2.49% variable for term, the product is available to all borrower types and comes with a £999 product fee all of which can be added to the mortgage advance.
Rachel Springall, finance expert atMoneyfacts, said: “This week, Coventry Building Society has increased the rate on its variable for term mortgage by 0.10%.
“Despite the rise, the deal offers a competitive package of free valuation for all, free legal fees for remortgage customers, and offers the lowest rate in this limited sector.
“Borrowers looking for a bit of flexibility with their mortgage should find this deal appealing, plus the upfront fee can be added to the mortgage advance.
“As a result, the deal earns a Moneyfacts product rating of outstanding.”
