Building societies compete over 10-year fixed rate mortgage deals

Recently a number of building societies announced their lowest ever mortgage rates.  As reported by Eastern New Homebuyer, Friday saw The Coventry Building Society launch the lowest ever 10-year fixed rate mortgage.  It is offering a 2.39 per cent fixed-rate loan to borrowers with a 50 per cent deposit.  

Gretton Valley, one of Larkfleet's latest developments

This new deal undercuts the latest offer from HSBC which was also announced last week.  HSBC is offering a 10-year fixed rate deal at 2.79 per cent up to 70 per cent loan to value.

As Eastern New Homebuyer goes on to report, although this is great news, new home buyers should still take the whole package into account before making up their minds.