Coventry Building Society

Coventry Building Society

May 10, 2013 07:48 ET

Coventry Intermediaries Cuts Rates Across Highly Competitive Range of Residential, Offset and Buy to Let Mortgages

LONDON, UNITED KINGDOM--(Marketwired - May 10, 2013) -

This news release is for the use of journalists only.

Coventry Intermediaries has cut rates across its highly competitive range of Residential, Offset and Buy to Let options. Available from Thursday 9th May highlights include;

  • 2.25%, reduced from 2.35%, 2 Year Fixed Rate until 30.06.15 65% LTV £199 booking fee with £800 arrangement fee and ERCs of 3% of balance until 30.06.15
  • 2.35%, reduced from 2.65%, Flexx for Term, 65% LTV £199 booking fee with £800 arrangement fee with no ERCs.
  • 2.85%, reduced from 3.09% Offset, Flexx for Term, 75% LTV £199 booking fee with £300 arrangement fee with no ERCs.
  • 3.29%, reduced from 3.99% BTL, Flexx for Term, 65% LTV £250 booking fee with £1749 arrangement fee with no ERCs.

Colin Franklin, Managing Director, Godiva Mortgages, said: Our popular Flexx for Term range has just got even better, as we have cut rates by up to 0.70%. Borrowers can now enjoy the flexibility of no ERCs and unlimited overpayments, from rates as low as 2.35%. And for borrowers looking for the security of a fixed rate, we have also reduced rates on all our 2 year fixed products by 0.10%. And don't forget, all products include a valuation up to £700 and access to our remortgage transfer service."

Full details of the new products are attached.

Coventry BS Current
Rate
The
overall

cost for
comparison
is
Max
LTV
Fees
and

incentives
ERC
Residential
2.25% Fixed to 30.06.15
Followed by Standard Variable Rate to 30.06.18, currently 4.74%.
Followed by Privilege Rate for the remainder of the mortgage, currently 4.49%.



2.25%



4.3% APR



65%
Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included


3% of the balance to 30.06.15
Residential
2.35% Fixed to 30.06.15
Followed by Standard Variable Rate to 30.06.18, currently 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: £300
Valuation up to £670 included
Remortgage Transfer Service included


3% of the balance to 30.06.15
Residential
2.45% Fixed to 30.06.15
Followed by Standard Variable Rate to 30.06.18, currently 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: None
Valuation up to £670 included
Remortgage Transfer Service included


3% of the balance to 30.06.15
Residential
2.45% Fixed to 30.06.15
Followed by Standard Variable Rate to 30.06.18, currently 4.74%.
Followed by Privilege Rate for the remainder of the mortgage, currently 4.49%.



2.45%



4.4% APR



75%
Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included


3% of the balance to 30.06.15
Residential 3.09% Fixed to 30.06.15 Followed by Standard Variable Rate to 30.06.18, currently 4.74%. Followed by Privilege Rate for the remainder of the mortgage, currently 4.49%


3.09%



4.4% APR



80%

Booking Fee: £199
Arrangement Fee: £300
Valuation up to £670 included
Remortgage Transfer Service included



3% of the balance to 30.06.15
Residential
3.49% Fixed to 30.06.15
Followed by Standard Variable Rate to 30.06.18, currently 4.74%.
Followed by Privilege Rate for the remainder of the mortgage, currently 4.49%


3.49%


4.6% APR


85%
Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included


3% of the
balance to
30.06.15
Residential
4.19% Fixed to 30.06.15
Followed by Standard Variable Rate to 30.06.18, currently 4.74%.
Followed by Privilege Rate for the remainder of the mortgage, currently 4.49%


4.19%


4.7% APR


90%
Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included


3% of the
balance to
30.06.15
Residential
2.85% Fixed to 30.06.18
Followed by Privilege Rate for the remainder of the mortgage, currently 4.49%


2.85%


4.0% APR


65%
Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included


3% of the
balance to
30.06.18
Residential
2.95% Fixed to 30.06.18
Followed by Privilege Rate for the remainder of the mortgage, currently 4.49%


2.95%


4.0% APR



65%
Booking Fee: £199
Arrangement Fee: £300
Valuation up to £670 included
Remortgage Transfer Service included


3% of the
balance to
30.06.18
Residential
Flexx for Term


2.35%


2.5% APR



65%
Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included



None
Residential
Flexx for Term


2.45%


2.5% APR



65%
Booking Fee: £199
Arrangement Fee: £300
Valuation up to £670 included
Remortgage Transfer Service included



None
Residential
Flexx for Term


2.55%


2.7% APR



75%
Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included



None
Residential
Flexx for Term


2.99%


3.1% APR



80%
Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included



None
Offset
2.55% Fixed to 30.06.15
Followed by Standard Variable Rate to 30.06.18, currently 4.74%.
Followed by Privilege Rate for the remainder of the mortgage, currently 4.49%


2.55%


4.3% APR



65%
Booking Fee: £199
Arrangement Fee: £300
Valuation up to £670 included
Remortgage Transfer Service included


3% of the
balance to
30.06.15
Offset
2.75% Fixed to 30.06.15
Followed by Standard Variable Rate to 30.06.18, currently 4.74%.
Followed by Privilege Rate for the remainder of the mortgage, currently 4.49%


2.75%


4.4% APR



75%
Booking Fee: £199
Arrangement Fee: £300
Valuation up to £670 included
Remortgage Transfer Service included


3% of the
balance to
30.06.15
Offset
3.15% Fixed to 30.06.18
Followed by Privilege Rate for the remainder of the mortgage, currently 4.49%


3.15%


4.1% APR



65%
Booking Fee: £199
Arrangement Fee: £300
Valuation up to £670 included
Remortgage Transfer Service included


3% of the
balance to
30.06.18
Offset
Offset Flexx for Term


2.65%


2.7% APR



65%
Booking Fee: £199
Arrangement Fee: £300
Valuation up to £670 included
Remortgage Transfer Service included



None
Offset
Offset Flexx for Term


2.85%


3.0% APR



75%
Booking Fee: £199
Arrangement Fee: £300
Valuation up to £670 included
Remortgage Transfer Service included



None
Buy to Let
3.69% Fixed to 30.04.15
Followed by Standard Variable Rate for the remainder of the mortgage term, currently 4.74%.


3.69%


4.8% APR



70%
Booking Fee: £250
Arrangement Fee: £1,749
Valuation up to £700 included
Remortgage Transfer Service included


3% of the
balance to
30.04.15
Buy to Let
3.79% Fixed to 30.04.15
Followed by Standard Variable Rate for the remainder of the mortgage term, currently 4.74%.


3.79%


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
30.04.15
Buy to Let
4.29% Fixed to 30.04.18
Followed by Standard Variable Rate for the remainder of the mortgage term, currently 4.74%.


4.29%


4.8% APR



70%
Booking Fee: £250
Arrangement Fee: £1,749
Valuation up to £700 included
Remortgage Transfer Service included


3% of the
balance to
30.04.18
Buy to Let
4.39% Fixed to 30.04.18
Followed by Standard Variable Rate for the remainder of the mortgage term, currently 4.74%.


4.39%


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
30.04.18
Buy to Let
BTL Flexx for Term


3.29%


3.5% APR



65%
Booking Fee: £250
Arrangement Fee: £1,749
Valuation up to £700 included
Remortgage Transfer Service included

None
Buy to Let
BTL Flexx for Term


3.49%


3.6% APR



65%
Booking Fee: £250
Arrangement Fee: £749
Valuation up to £700 included
Remortgage Transfer Service included



None
Buy to Let
BTL Flexx for Term


3.79%


4.0% APR



70%
Booking Fee: £250
Arrangement Fee: £1749
Valuation up to £700 included
Remortgage Transfer Service included



None

For more information mortgage introducers should telephone the central intermediary support team on 0845 757 3612 (available Monday to Friday, 9.00am to 5.00pm) or log onto www.coventryintermediaries.co.uk.

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

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