Coventry Building Society

Coventry Building Society

October 07, 2013 03:00 ET

Coventry Building Society launches new range with great rates, low fees and no ERC's on selected residential products

LONDON, UNITED KINGDOM--(Marketwired - Oct. 7, 2013) - Coventry Building Society has launched a new residential range with 2 year fixed rates from 2.09%, available with a choice of fee structures and some with no early repayment charges. Available from Friday 4th October highlights include;

  • 2.09% Flexx Fixed Rate until 31.12.15, 65% LTV £199 booking fee, £800 arrangement fee with no early repayment charges (ERCs)
  • 2.29% Fixed Rate until 31.12.15, 65% LTV £199 booking fee with no arrangement fee and ERCs payable to 31.12.15.
  • 3.39% Flexx Fixed Rate until 31.12.18, 65% LTV, £199 booking fee, £300 arrangement fee with no ERCs.
  • +1.79% Base Rate Tracker (current rate 2.09%) until 31.12.15, 65% LTV, £199 booking fee, £800 arrangement fee with no ERCs.
  • 2.15% Flexx for Term, variable rate, 65% LTV, £199 booking fee, £800 arrangement fee with no ERCs.

Colin Franklin, Sales and Marketing Director, Coventry Building Society, said: "For borrowers who want more than just a great rate, we have some fantastic options. Our new range not only offers a choice of fixed or variable rates, including Base Rate Trackers, borrowers also have a choice of fee structures. And for borrowers looking for unlimited overpayments and no ERC's, our new Flexx products are ideal. And don't forget, as always, all products include a valuation up to £670 and access to our remortgage transfer service. So for anyone looking for a choice of great rates, low fees, flexibility, and all round value for money - they will find it here at the Coventry."

Coventry BS Current
Rate
The
overall
cost for
comparison
is
Max
LTV
Fees and incentives ERC
Residential
2.09% Flexx Fixed to31.12.15 Followed byStandard Variable Rate to31.12.18, currently 4.74%. Followed by Privilege Rate for the remainder of themortgage, currently at 4.49%
2.09% 4.3% APR 65% Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer
Service included
None
Residential
2.29% Fixed to 31.12.15Followed 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%
2.29% 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
3.25% Fixed to 31.12.15Followed 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%
3.25% 4.5% APR 85% Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer
Service included
ERCs payable to
31.12.15, see below for details
Residential
3.55% Fixed to 31.12.15Followed 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%
3.55% 4.5% APR 85% 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
2.79% Fixed to 31.12.16Followed 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%
2.79% 4.2% APR 65% Booking Fee: £199
Arrangement Fee: None Valuation up to £670 included
Remortgage Transfer
Service included
ERCs payable to
31.12.16, see below
for details
Residential
3.39% Fixed to 31.12.16Followed 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%
3.39% 4.2% APR 80% Booking Fee: £199
Arrangement Fee: None Valuation up to £670 included
Remortgage Transfer
Service included
ERCs payable to
31.12.16, see below for details
Residential
3.75% Fixed to 31.12.16Followed 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%
3.75% 4.5% APR 85% Booking Fee: £199
Arrangement Fee: None Valuation up to £670 included
Remortgage Transfer
Service included
ERCs payable to
31.12.16, see below for details
Residential
3.19% Fixed to 31.12.18Followed by Privilege Rate for the remainder of themortgage, currently at 4.49%
3.19% 4.1% 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
3.39% Flexx Fixed to31.12.18 Followed by Privilege Rate for the remainder of the mortgage, currently at 4.49%
3.39% 4.2% APR 65% Booking Fee: £199
Arrangement Fee: £300
Valuation up to £670 included
Remortgage Transfer
Service included
None
Residential
+1.59% BBR Tracker to31.12.15 currently 2.09% 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% 4.3% APR 65% Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer
Service included
None
Residential
+1.79% BBR Tracker to31.12.15, currently 2.29% Followed by Standard Variable Rate to 31.12.18,currently 4.74%. Followed byPrivilege Rate for the remainder of the mortgage, currently at 4.49%
2.29% 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
Flexx for Term Variable rate for term.
2.15% 2.8% APR 65% Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer
Service included
None
Residential
Flexx for Term. Variable rate for term.
3.45% 3.6% APR 85% Booking Fee: £199
Arrangement Fee: £800
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

3 year fixed product ERCs: 3% until 31.12.15 then 1% until 31.12.16

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.

Contact Information