New range at the Coventry

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Coventry Building Society’s new mortgage range sees rates lowered by up to 0.66%.

The provider has launched fixed, tracker and Flexx products in its residential, offset and buy-to-let ranges.

Included is a new two-year fixed rate residential mortgage at 3.50% available at 50% LTV, with free valuation and free remortgage transfer service.

Residential customers borrowing up to 70% LTV can take a two-year fixed rate of 3.65%.

Coventry is introducing a two-year tracker at 70% LTV, equivalent to Base Rate plus 2.09% which gives a current payment rate of 2.59%. A free valuation and free remortgage transfer service is also available on this product.

Buy-to-let mortgage products include 4.99% fixed for 18 months with £700 of fees and a free valuation, up to 65% LTV.

Colin Franklin , sales and marketing director at the Coventry and managing director of Godiva Mortgages, said: “We continue to have a strong appetite for growing our mortgage business and expect this new range be very well received by intermediaries and customers alike.

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