Coventry Intermediaries launch first-time buyer options

Friday, 12 July 2013 01:57

Coventry Intermediaries has unveiled a range of changes and mortgage rates cuts to its roster of residential and offset products.

The new range includes low fee options, fixed rate deals and products available to borrowers with just a ten per cent deposit.

Highlights of the new range include a two-year fixed rate mortgage deal at 2.45 per cent for borrowers with a 65 per cent loan-to-value (LTV) ratio. This deal comes with total fees of just £199.

For borrowers looking for a two-year fix with less of a deposit, the Coventry has a 3.35 per cent rate for borrowers with an 85 per cent LV. This product has total fees of £999.

For first-time buyers there are two new options, including a five-year fixed rate at 4.85 per cent for borrowers with just a ten per cent deposit. This deal has total fees of just £199.

The alternative for first-time buyers with a 90 per cent LTV is a five-year offset mortgage at a rate of 4.75 per cent, with total fees of £699.

Colin Franklin, Managing Director, Godiva Mortgages, said: "Available with a choice of fee structures and LTV's, borrowers can choose a rate and fee structure to suit their needs.

“We also have a new 5 year offset mortgage, fixed at 4.75% and available up to 90% LTV. This is ideal for borrowers who are looking to keep their initial costs down, but have the ability to make regular savings.

“With so many highly competitive products available up to 90% LTV, we are confident that there is something for everyone in our new range. And as always, all products include a valuation up to £670 and access to our remortgage transfer service".


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