Coventry Building Society

Coventry Building Society

October 15, 2013 06:35 ET

Coventry Building Society Launches New Low Fee Options With Great Rates on Residential and Offset Products

LONDON, UNITED KINGDOM--(Marketwired - Oct. 15, 2013) -

This news release is for the use of journalists only.

Coventry Building Society announces the launch of new residential products including a 2 year fixed rate from 2.09% at 65% LTV with no arrangement fees. Available from Tuesday 15th October, highlights include;

  • 2.09% Fixed Rate until 31.12.15, 65% LTV £199 booking fee, no arrangement fee and early repayment charges (ERCs) payable to 31.12.15.
  • 2.99% Fixed Rate until 31.12.18, 65% LTV £199 booking fee, £300 arrangement fee and ERCs payable to 31.12.18.
  • 2.09% Flexx for Term, variable rate, 65% LTV, £199 booking fee, £300 arrangement fee with no ERCs.
  • 2.29% Variable Rate Offset Flexx for Term, 65% LTV £199 booking fee, £300 arrangement fee and no ERCs.

Colin Franklin, Sales and Marketing Director, Coventry Building Society, said: Hot on the heels of our recent product launch, our range has just got even better. We have some new, low fee options available up to 65% LTV including some great Offset products. We have a 2 year fixed rate at 2.09% with no arrangement fee and a 5 year fixed option at 2.99% with a low fee of just £300. 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."

Coventry BS Current Rate The overall cost for comparison is Max LTV Fees and incentives ERC
Residential
2.09% Fixed to 31.12.15
Followed by Standard
Variable Rate to 31.12.18,
currently 4.74%. Followed by
Privilege Rate for the
remainder of the mortgage,
currently at 4.49%
2.09% 4.2% APR 65% Booking Fee: £199
Arrangement Fee: None
Valuation up to £670
included
Remortgage Transfer
Service included
ERCs
payable to
31.12.15,
see below
for details
Residential
2.99% Fixed to 31.12.18 Followed by Privilege Rate for the remainder of the mortgage, currently at 4.49%
2.99% 4.0% APR 65% Booking Fee: £199
Arrangement Fee: £300
Valuation up to £670
included
Remortgage Transfer
Service included
ERCs
payable to
31.12.18,
see below for details
Residential
Flexx for Term. Variable rate
for term
2.09% 2.1% APR 65% Booking Fee: £199
Arrangement Fee: £300
Valuation up to £670
included
Remortgage Transfer
Service included
None
Offset
3.45% Fixed to 31.12.15
Followed by Standard
Variable Rate to 31.12.18,
currently 4.74%. Followed by
Privilege Rate for the
remainder of the mortgage,
currently at 4.49%
3.45% 4.5% APR 85% Booking Fee: £199
Arrangement Fee: £500
Valuation up to £670
included
Remortgage Transfer
Service included
ERCs
payable to
31.12.15,
see below
for details
Offset
2.99% Fixed to 31.12.18
Followed by Privilege Rate for
the remainder of the
mortgage, currently at 4.49%
2.99% 4.0% APR 65% Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670
included
Remortgage Transfer
Service included
ERCs
payable to
31.12.18,
see below
for details
Offset
4.25% Fixed to 31.12.18
Followed by Privilege Rate for
the remainder of the
mortgage, currently at 4.49%
4.25% 4.5% APR 85% Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670
included
Remortgage Transfer
Service included
ERCs
payable to
31.12.18,
see below
for details
Offset
Offset Flexx for Term,
variable rate for term
2.19% 2.2% APR 65% Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670
included
Remortgage Transfer
Service included
None
Offset
Offset Flexx for Term,
variable rate for term
2.29% 2.3% APR 65% Booking Fee: £199
Arrangement Fee: £300
Valuation up to £670
included
Remortgage Transfer
Service included
None

Residential ERCs:

2 year fixed product ERCs: 3% until 31.12.14 then 1% until 31.12.15

5 year fixed product ERCs: 5% until 31.12.15, 3% until 31.12.17 then 1% until 31.12.18

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.

www.thecoventry.co.uk

Coventry Building Society. Registered Office: Economic House, PO Box 9, High Street, Coventry CV1 5QN.

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