Coventry Building Society

Coventry Building Society

January 16, 2013 13:31 ET

Coventry Building Society Cuts Rates by Up to 0.50% With a New Range of Competitive 2 Year Fixed Deals With No Arrangement Fees

LONDON, UNITED KINGDOM--(Marketwire - Jan. 16, 2013) - Coventry Building Society has cut rates on their highly competitive range of 2 and 5 year fixed rates. Available with a range of fee structures from Thursday 17th January, highlights include;

2 Year Fixed Mortgages
  • 2.35% (reduced from 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
  • 2.65% (reduced from 2.89%) 2 Year Fixed Rate until 31.03.15, 65% LTV £199 booking fee, no arrangement fee and ERCs of 3% of balance until 31.03.15
  • 3.55% (reduced from 3.85%) 2 Year Fixed Rate until 31.03.15, 85% LTV, £199 booking fee with £800 arrangement fee and ERCs of 3% of balance until 31.03.15
  • 3.75% (reduced from 4.25%) 2 Year Fixed Rate until 31.03.15, 85% LTV, £199 booking fee, no arrangement fee and ERCs of 3% of balance until 31.03.15
5 Year Fixed Mortgages
  • 2.95% 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
  • 3.15% (reduced from 3.39%) 5 Year Fixed Rate until 31.03.18, 65% LTV £199 booking fee with no arrangement fee and ERCs of 3% of balance until 31.03.18

Colin Franklin, Sales and Marketing Director, Coventry Building Society, said: "Our recent, highly competitive residential range has just got even better! Not only have we reduced rates on our 2 year fixed deals starting at a competitive rate of 2.35%, we have also cut prices across our range with some fantastic low rates, available up to 90% LTV, many with no arrangements fees. And as all products include a valuation up to £670 and access to our remortgage transfer service, we are confident that there is something for everyone in our new range."

Coventry BS Current Rate The overall cost for comparison is Max LTV Fees and incentives ERC
Residential
2.35% Fixed to 31.03.15 Followed by Standard Variable rate to 31.03.18, currently at 4.74%. Followed by Privilege rate for the remainder of the mortgage, currently 4.49% 2.35% 4.3% APR 65% Booking Fee: £199 Arrangement Fee: £800 Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to 31.03.15
Residential
2.45% Fixed to 31.03.15
Followed by Standard
Variable rate to 31.03.18,
currently at 4.74%. Followed
by Privilege rate for the
remainder of the mortgage,
currently 4.49%
2.45%
4.3% APR
65%
Booking Fee: £199
Arrangement Fee: £300
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to 31.03.15
Residential
2.65% Fixed to 31.03.15
Followed by Standard
Variable rate to 31.03.18,
currently at 4.74%. Followed
by Privilege rate for the
remainder of the mortgage,
currently 4.49%
2.65%

4.3% APR

65%
Booking Fee: £199
Arrangement Fee: None
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to 31.03.15

Coventry BS Current Rate The overall cost for comparison is Max LTV Fees and incentives ERC
Residential
2.89% Fixed to 31.03.15 Followed by Standard Variable rate to 31.03.18, currently at 4.74%. Followed by Privilege rate for the remainder of the mortgage, currently 4.49%

2.89%





4.4% APR





70%



Booking Fee: £199
Arrangement Fee: None
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to 31.03.15


Residential
2.99% Fixed to 31.03.15 Followed by Standard Variable rate to 31.03.18, currently at 4.74%. Followed by Privilege rate for the remainder of the mortgage, currently 4.49%

2.99%





4.5% AER





80%



Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to 31.03.15


Residential
3.19% Fixed to 31.03.15 Followed by Standard Variable rate to 31.03.18, currently at 4.74%. Followed by Privilege rate for the remainder of the mortgage, currently 4.49%

3.19%





4.4% APR





80%



Booking Fee: £199
Arrangement Fee: None
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to 31.03.15


Residential
3.55% Fixed to 31.03.15 Followed by Standard Variable rate to 31.03.18, currently at 4.74%. Followed by Privilege rate for the remainder of the mortgage, currently 4.49%

3.55%





4.6% APR





85%



Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to 31.03.15


Residential
3.75% Fixed to 31.03.15 Followed by Standard Variable rate to 31.03.18, currently at 4.74%. Followed by Privilege rate for the remainder of the mortgage, currently 4.49%

3.75%





4.5% APR





85%



Booking Fee: £199
Arrangement Fee: None
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to 31.03.15


Coventry BS Current Rate The overall cost for comparison is Max LTV Fees and incentives ERC
Residential
4.35% Fixed to 31.03.15
Followed by Standard
Variable rate to 31.03.18,
currently at 4.74%. Followed
by Privilege rate for the
remainder of the mortgage,
currently 4.49%


4.35%





4.7% APR





90%



Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included

3% of the
balance to
31.03.15


Residential
4.55% Fixed to 31.03.15 Followed by Standard Variable rate to 31.03.18, currently at 4.74%. Followed by Privilege rate for the remainder of the mortgage, currently 4.49%

4.55%





4.7% APR





90%



Booking Fee: £199
Arrangement Fee: None
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to
31.03.15


Residential
2.95% Fixed to 31.03.18 Followed by Privilege rate for the remainder of the mortgage, currently 4.49%

2.95%



4.0% APR



65%


Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to 31.03.18

Residential
3.15% Fixed to 31.03.18 Followed by Privilege rate for the remainder of the mortgage, currently 4.49%

3.15%



4.1% APR



65%


Booking Fee: £199
Arrangement Fee: None
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to
31.03.18

Residential
3.39% Fixed to 31.03.18 Followed by Privilege rate for the remainder of the mortgage, currently 4.49%

3.39%



4.2% APR



70%


Booking Fee: £199
Arrangement Fee: None
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to
31.03.18

Residential
4.19% Fixed to 31.03.18 Followed by Privilege rate for the remainder of the mortgage, currently 4.49%

4.19%



4.5% APR



85%


Booking Fee: £199
Arrangement Fee: None
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to
31.03.18

Coventry BS Current Rate The overall cost for comparison is Max LTV Fees and incentives ERC
Residential
4.79% Fixed to 31.03.18
Followed by Privilege rate for
the remainder of the mortgage, currently 4.49%

4.79%



4.8% APR



90%


Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670
included
Remortgage Transfer
Service included
3% of the balance to 31.03.18

Residential
4.99% Fixed to 31.03.18
Followed by Privilege rate for the remainder of the mortgage, currently 4.49%

4.99%



4.9% APR



90%


Booking Fee: £199
Arrangement Fee: None
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to 31.03.18

Residential
Flexx for Term


3.05%



3.2% APR



65%


Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670
included
Remortgage Transfer
Service included

None


Residential
Flexx for Term


3.25%



3.3% APR



65%


Booking Fee: £199
Arrangement Fee: None
Valuation up to £670
included
Remortgage Transfer
Service included

None


Residential
Flexx for Term


4.09%



4.3% APR



85%


Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670
included
Remortgage Transfer
Service included

None


Residential
Flexx for Term


4.29%



4.4% APR



85%


Booking Fee: £199
Arrangement Fee: None
Valuation up to £670
included
Remortgage Transfer
Service included

None


Buy to Let
3.79% Fixed to 31.01.15
Followed by Standard Variable rate for the
remainder of the mortgage, currently 4.74%

3.79%



4.9% APR



70%


Booking Fee: £250
Arrangement Fee: £1,749
Valuation up to £700 included
Remortgage Transfer Service included
3% of the balance to 31.01.15

Coventry BS Current Rate The current cost for comparison is Max LTV Fees and incentives ERC
Buy to Let
3.89% Fixed to 31.01.15
Followed by Standard Variable rate for the remainder of the mortgage, currently 4.74%

3.89%



4.9% APR



75%


Booking Fee: £250
Arrangement Fee: £1,749
Valuation up to £700 included
Remortgage Transfer Service included
3% of the balance to 31.01.15

Customers wishing to apply for any of the Coventry's mortgages should telephone the Customer Service Centre on 0845 7665522, log on at coventrybuildingsociety.co.uk or visit any of the Coventry's 70 branches.

Our Customer Service Centre is open seven days a week, and our advisors are available Monday to Friday 8am-8pm, Saturday 9am-5pm and Sunday 10am-4pm. Our 24 hour self-service telephone option is also available 24 hours a day, 365 days a year.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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