Coventry BS launch fixed rate mortgage deals from 2.09%

Tuesday, 15 October 2013 10:41

The Coventry Building Society has launched a number of new low fee mortgage options.

Changes to its residential mortgage products include a new two-year fixed rate deal for borrowers with a loan-to-value (LTV) ratio of 65 per cent at a rate of 2.09 per cent. This product has no arrangement fee and a booking fee of £199.

Its five-year fixed rate mortgage deal also available to borrowers with a 35 per cent deposit has the same fees and comes with a rate of 2.99 per cent.

Meanwhile, its Flexx for Term deal has a rate of 2.09 per cent and comes with a booking fee of £199 and an arrangement fee of £300. The Variable Rate Offset Flexx for Term has the same fees and a rate of 2.29 per cent. Both deals are available for 65 per cent LTV borrowers.

Colin Franklin, Sales and Marketing Director, Coventry Building Society, said: “We have some new, low fee options available up to 65% LTV including some great Offset products.

“For borrowers looking for the flexibility of no ERC’s and unlimited overpayments, our Flexx for Term, with a great rate of 2.09%, is also available with an arrangement fee of just £300. And, as always, all products include a valuation up to £670 and access to our remortgage transfer service.”

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