Coventry Building Society

Coventry Building Society

April 17, 2013 10:30 ET

Coventry Intermediaries Launches Highly Competitive Range of Offset and Flexx for Term Mortgages

LONDON, UNITED KINGDOM--(Marketwired - April 17, 2013) -

This news release is for the use of journalists only.

Coventry Intermediaries has launched a highly competitive range of Offset and Flex for Term options. The new range offers Flexx for Term deals with low rates from 2.65% available at 65% LTV and Offset 5 year fixed rates 3.35%. Available from Wednesday 17th April highlights include;

  • 2.65%, Flexx for Term, 65% LTV £199 booking fee with £800 arrangement fee and no early repayment charges.
  • 3.35%, Offset, 5 Year Fixed Rate until 30.06.18, 65% LTV £199 booking fee with £300 arrangement fee and ERCs of 3% of balance until 30.06.18.
  • 3.89%, Offset, 5 Year Fixed Rate until 30.06.18, 80% LTV £199 booking fee with £300 arrangement fee and ERCs of 3% of balance until 30.06.18.

Colin Franklin, Managing Director, Godiva Mortgages, said: "We are confident that our new highly competitive range of Flexx for Term and Offset mortgages will be very popular with borrowers looking for great rates and flexibility. For borrowers who want to use their savings to reduce their mortgage interest, we have some great Offset deals. Borrowers will have easy access to their savings whist enjoying low mortgage rates from as little as 2.75%. And for those looking for flexibility with unlimited over payments and no ERCs, our Flex for Term range with rates starting from 2.65% is ideal. As always, all products include a valuation up to £670 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 2.59% 4.4% APR 75% Booking Fee: £199 3% of the
2.59% Fixed to 30.06.15 Arrangement Fee: £800 balance to
Followed by standard variable Valuation up to £670 included 30.06.15
rate 30.06.18, currently Remortgage Transfer
4.74%. Followed by Privilege Service included
Rate for the remainder of the
mortgage, currently at 4.49%
Residential 2.65% 2.8% APR 65% Booking Fee: £199 None
Flexx for Term Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer
Service included
Residential 2.75% 2.9% APR 65% Booking Fee: £199 None
Flexx for Term Arrangement Fee: £500
Valuation up to £670 included
Remortgage Transfer
Service included
Residential 2.85% 3.0% APR 75% Booking Fee: £199 None
Flexx for Term Arrangement Fee: £800
Valuation up to £670 included
Remortgage Transfer
Service included
Offset 2.75% 4.4% APR 65% Booking Fee: £199 3% of the
2.75% Fixed to 30.06.15 Arrangement Fee: £300 balance to
Followed by standard variable Valuation up to £670 included 30.06.15
rate 30.06.18, currently Remortgage Transfer
4.74%. Followed by Privilege Service included
Rate for the remainder of the
mortgage, currently at 4.49%
Offset 3.39% 4.5% APR 80% Booking Fee: £199 3% of the
3.39% Fixed to 30.06.15 Arrangement Fee: £300 balance to
Followed by standard variable Valuation up to £670 included 30.06.15
rate 30.06.18, currently Remortgage Transfer
4.74%. Followed by Privilege Service included
Rate for the remainder of the
mortgage, currently at 4.49%
Offset 3.35% 4.4% APR 65% Booking Fee: £199 3% of the
3.35% Fixed to 30.06.18 Arrangement Fee: £300 balance to
Followed by Privilege Rate for Valuation up to £670 included 30.06.18
the remainder of the Remortgage Transfer
mortgage, currently at 4.49% Service included
Offset 3.89% 4.4% APR 80% Booking Fee: £199 3% of the
3.89% Fixed to 30.06.18 Arrangement Fee: £300 balance to
Followed by Privilege Rate for Valuation up to £670 included 30.06.18
the remainder of the Remortgage Transfer
mortgage, currently at 4.49% Service included
Offset 2.95% 3.1% APR 65% Booking Fee: £199 None
Offset Flexx for Term Arrangement Fee: £300
Valuation up to £670 included
Remortgage Transfer
Service included
Offset 3.49% 3.6% APR 80% Booking Fee: £199 None
Offset Flexx for Term Arrangement Fee: £300
Valuation up to £670 included
Remortgage Transfer
Service included

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

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