Andy Fagg Davenport Financial MortgagesThis month the mortgage market has continued to be busy as purchasers are keen to be in a position to secure a property before the end of the year.

Dispite some fears about Mortgage Market Review and capped lending there are still an excellent range of products available.

For example the Coventry Building Society are currently marketing a 5 year fixed ‘offset’ scheme until 30th September 2019 at 3.25% (typical overall cost for comparison 4.1%). The scheme is available for borrowing up to 65% of the property value.

This scheme allows customers to put savings into a linked deposit account through Coventry. Any savings held in the account will effectively mean that you are not being charged interest on the mortgage up to the value of the amount deposited.

In a market where people are struggling to find a decent return on their savings this arrangement could be a very efficient place for them.

My Rate of the Week – First Time Buyer 3 Year Fixed Scheme.

Initial rate:  2.59% fixed rate

Subsequent rate:  .3.99% variable rate

For loans of up to 70% of property value

The overall cost for comparison purposes is: 3.7% APR

Rates quoted are available subject to status. Additional fees and charges apply, please contact Davenport Financial Management for a personal illustration.

Click here for a free mortgage consultation

Having provided mortgage advice to Mackenzie Smith clients for 20 years I am perfectly placed to advise you on mortgages that will suit your needs.

  • Budgeting for the costs of moving
  • No fees for the initial consultation
  • Impartial mortgage advice based on research of the market
  • Complete confidentiality

I don’t make my clients wait weeks to see me so please contact me on 07720 353866 or to arrange an appointment at a time and location convenient to you.

To keep up to date on mortgage activity and new products on offer keep an eye out for my updates in The Thistleblower or keep an eye on the mortgages page on


Davenport Financial Management Limited is authorised and regulated by the Financial Conduct Authority. Davenport Financial Management Limited is registered in England No: 05608901. Registered office: Sherwood House, 41 Queens Road, Farnborough, GU14 6JP, Telephone 01483 427366. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.