The new range allows overpayments of 10% on all new products and includes a legal and valuation package for remortgages. Available from Friday 4th January, highlights include;
2 Year Fixed Mortgages
- 2.49% 2 Year Fixed Rate until 31.03.15, 65% LTV £199 booking fee with £800 arrangement fee and ERCs of 3% of balance until 31.03.15
- 2.69% 2 Year Fixed Rate until 31.03.15, 70% LTV, £199 booking fee with £800 arrangement fee and ERCs of 3% of balance until 31.03.15
5 Year Fixed Mortgage
- 2.99% 5 Year Fixed Rate until 31.03.18, 65% LTV, £199 booking fee with £800 arrangement fee and ERCs of 3% of balance until 31.03.18
- 3.99% 5 Year Fixed Rate until 31.03.18, 85% LTV, £199 booking fee with £800 arrangement fee and ERCs of 3% of balance until 31.03.18
First Time Buyer Mortgage
- 4.95% 5 Year Fixed Rate until 31.03.18,90% LTV, £199 booking fee, no arrangement fee and £500 IKEA vouchers and ERCs of 3% of balance until 31.03.18 for members only1
- 4.99% 5 Year Fixed Rate until 31.03.18, 90% LTV, £199 booking fee and £300 arrangement fee and ERCs of 3% of balance until 31.03.18
Colin Franklin, Sales and Marketing Director, Coventry Building Society, said:
“We are starting the year with a fantastic new range of mortgages which includes 2 year fixed rates from 2.49% and fixed rate for 5 years for just 2.99%. We have also cut rates on our First Time Buyer deals - members can now benefit from a five year fixed rate of 4.95% and £500 IKEA gift vouchers.
"Not only does our new range offer great value for money but all new products now have a 10% overpayment facility. And as products include a valuation up to £670 and access to our remortgage transfer service, we expect our new range to be extremely popular, so act now and make sure you have a Happy New Year with the Coventry."
