Coventry Building Society

Coventry Building Society

January 04, 2013 08:30 ET

Coventry Intermediaries Launches Competitive 2 and 5 Year Fixed Rates from 2.49% at 65% LTV

LONDON, UNITED KINGDOM--(Marketwire - Jan. 4, 2013) - Coventry Intermediaries kicks off the new year with a highly competitive range of 2 and 5 year fixed rates, available from 65% LTV to 85% LTV. The new range allows overpayments of 10% on all new products and includes a legal and valuation package for remortgages. Available from Friday 4th January, highlights include;

2 Year Fixed Mortgages

  • 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
  • 2.69% 2 Year Fixed Rate until 31.03.15, 70% LTV, £199 booking fee with £800 arrangement fee and ERCs of 3% of balance until 31.03.15

5 Year Fixed Mortgage

  • 2.99% 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
  • 3.99% 5 Year Fixed Rate until 31.03.18, 85% LTV, £199 booking fee with £800 arrangement fee and ERCs of 3% of balance until 31.03.18

First Time Buyer Mortgage

  • 4.95% 5 Year Fixed Rate until 31.03.18, 90% LTV, £199 booking fee, no arrangement fee, £500 IKEA vouchers and ERCs of 3% of balance until 31.03.18 for members only1
  • 4.99% 5 Year Fixed Rate until 31.03.18, 90% LTV, £199 booking fee and £300 arrangement fee and ERCs of 3% of balance until 31.03.18

Full details of the new products are attached.

Colin Franklin, Managing Director, Godiva Mortgages, said: "We are starting the year with a fantastic new range of mortgages which includes 2 year fixed rates from 2.49% and fixed rate for 5 years for just 2.99%. We have also cut rates on our First Time Buyer deals - members can now benefit from a five year fixed rate of 4.95% and £500 IKEA gift vouchers. Not only does our new range offer great value for money but all new products now have a 10% overpayment facility. And as products include a valuation up to £670 and access to our remortgage transfer service, we expect our new range to be extremely popular, so act now and make sure your clients have a Happy New Year with the Coventry."

1To qualify for the Member's First Time Buyer Mortgage you or your grandparent/parent/guardian must have held a Coventry savings, Coventry current account (or in the case of grandparent/parent or guardian - a Coventry mortgage) with us continuously for the last three years or more at the time of application.

Coventry BS Current Rate The overall cost for comparison is Max LTV Fees and incentives ERC
Residential
2.49% 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%
2.49% 4.4% 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
2.59% 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%
2.59% 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
2.89% 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 65% Booking Fee: £199
Arrangement Fee: None
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to 31.03.15
Residential
2.69% 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%
2.69% 4.4% APR 70% Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to 31.03.15
Residential
3.09% 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%
3.09% 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
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% 4.5% APR 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
3.59% 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%
3.59% 4.5% 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
3.85% 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%
3.85% 4.5% 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
4.25% 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%
4.25% 4.6% 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
Residential
2.99% Fixed to 31.03.18
Followed by Privilege rate for the remainder of the mortgage, currently 4.49%
2.99% 4.1% 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
3.39% Fixed to 31.03.18
Followed by Privilege rate for the remainder of the mortgage, currently 4.49%
3.39% 4.2% 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
3.19% Fixed to 31.03.18
Followed by Privilege rate for the remainder of the mortgage, currently 4.49%
3.19% 4.1% APR 70% Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to 31.03.18
Residential
3.59% Fixed to 31.03.18
Followed by Privilege rate for the remainder of the mortgage, currently 4.49%
3.59% 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
3.99% Fixed to 31.03.18
Followed by Privilege rate for the remainder of the mortgage, currently 4.49%
3.99% 4.5% APR 85% Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included
3% of the balance to 31.03.18
Residential
4.59% Fixed to 31.03.18
Followed by Privilege rate for the remainder of the mortgage, currently 4.49%
4.59% 4.7% 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
Residential
Flexx for Term 3.69% 3.9% APR 65% Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included
None
Residential
Flexx for Term 3.99% 4.2% APR 85% Booking Fee: £199
Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer Service included
None
Members' First Time Buyer
4.95% Fixed to 31.03.18 4.95% 4.8% APR 90% Booking Fee: £199
Arrangement Fee: None
Valuation up to £670 included
£500 IKEA Gift Card (issued on completion)
3% of the balance to 31.03.18
First Time Buyer
4.99% Fixed to 31.03.18 4.99% 4.8% APR 90% Booking Fee: £199
Arrangement Fee: £300
Valuation up to £670 included
3% of the balance to 31.03.18

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.


Contact Information

  • For more information or additional comment please contact:
    Coventry Building Society
    Press office
    0870 607 7727
    media@thecoventry.co.uk
    We monitor and record phone calls.