Coventry BS slashes FTB rate to 4.99%

Coventry Building Society has launched a new, market leading range of 85% LTV Residential and Offset mortgages with 2 year fixed rates starting from 4.33%.

Related topics:  Mortgages
Amy Loddington
24th August 2012
Mortgages
Residential 2 Year Fixed Mortgages

- 4.33%, 2 Year Fixed Rate until 30.09.14, 85% LTV, £199 booking fee with £800 arrangement fee.

- 4.53%, 2 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%), 5 Year Fixed Rate until 30.09.17, 90% LTV, £199 booking fee, no arrangement fee and £500 IKEA vouchers.

Colin Franklin, Sales and Marketing Director, Coventry Building Society, said:

"We are delighted to extend our range of Residential and Offset mortgages up to 85% LTV. With a choice of fee structures, borrowers can now enjoy the benefits of our fantastic Residential and Offset 2 year fixed rate mortgages.

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 5 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".
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