The Coventry launches new mortgage range

Published on

percentage cubes

The Coventry Building Society has unveiled a new range, which includes two-year fixed rates from 2.59% and a five-year Flexx Fixed rate at 3.99% available up to 85% loan to value (LTV).

The new range also includes a legal and valuation package for remortgages.

Deals include:

  • A 2.59% two-year fixed rate mortgage until 31.12.14, 65% LTV £199 booking fee with £300 arrangement fee and ERCs of 3% of balance until 31.12.14.
  • A 2.99% four-year fixed rate until 31.12.16, 65% LTV, £199 booking fee with £800 arrangement fee and ERCs of 3% of the balance to 31.12.16
  • A 3.99% five-year Flexx Fixed until 31.12.17, 85% LTV, £199 booking fee with £800 arrangement fee and no ERCs.

The new range also includes a choice of buy-to-let products including two-year fixed rates from 3.29% and a two-year Flexx Fixed from 3.49%.

“Many borrowers want the security of a competitive fixed rate without having to pay a large arrangement fee,” said Colin Franklin, sales and marketing director at the Coventry Building Society.

“Our two-year fixed rate at 2.59% with an arrangement fee of just £300 is ideal. We also expect our four-year fixed rate at just 2.99% to be very popular with borrowers looking to lock into a fantastic low rate for a longer period.

“And for those looking for more flexibility, we have launched a highly competitive Flexx for Term at 3.99% available up to 85% LTV with no early repayment charges.

“And don’t forget, all products include a valuation up to £670 (£700 for buy-to-let) and access to our remortgage transfer service, so borrowers need to act now and make sure they don’t miss out.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...