The Coventry Building Society has launched a new range of 85% LTV residential and offset mortgages.

New deals include:

Residential 2 Year Fixed Mortgages

• 4.33%, two-year fixed rate until 30.09.14, 85% LTV, £199 booking fee with £800 arrangement fee.
• 4.53%, two-year fixed rate until 30.09.14, 85% LTV, £199 booking fee and no arrangement fee.

Offset Flexx for Term Mortgage

• 4.49%, Flexx for term, 80% LTV, £199 booking fee and no arrangement fee.

First Time Buyer Mortgage

• 4.99% (reduced from 5.19%), five-year fixed rate until 30.09.17, 90% LTV, £199 booking fee, no arrangement fee and £500 IKEA vouchers.

“With a choice of fee structures, borrowers can now enjoy the benefits of our fantastic Residential and Offset two-year fixed rate mortgages,” said Colin Franklin, sales and marketing director for Coventry Building Society.

“We are also pleased to reduce the rate on our members’ first time buyer product to a best buy rate of 4.99% down from 5.19%. This five-year fixed rate comes with a range of popular features including a £500 IKEA voucher, no arrangement fee and is available up to 90% LTV. All this plus our popular Offset Flexx for Term mortgage at 4.49%. With no ERC’s and unlimited overpayments, we expect this mortgage to be popular with borrowers looking for ultimate flexibility.

“And don’t forget, all of our residential and offset mortgages include a valuation up to £670 and a legal package for remortgages. As always, there is something for everyone at the Coventry.”