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Coventry cuts rate on 5 year fix

The Coventry has today reduced the rate on its 5 year residential mortgage by 0.2% to 4.49%.

8 May, 2009

The offer includes a free valuation up to £640 and a free legal package for those wishing to remortgage.

In addition, the Coventry is launching a 3 year fixed rate mortgage and a new discounted product offering 1% off Coventry's Standard Variable Rate for the next 3 years.

Key features of the new products are:

  • The Coventry residential 5 year 4.49% fixed rate mortgage. Fixed until 30th June 2014, up to 65% Loan to Value
  • The Coventry residential 3 year 3.99% fixed rate mortgage. Fixed until 30th June 2012, up to 65% Loan to Value
  • The Coventry SVR less 1% discounted mortgage, giving a current rate of 3.74%. Discount available until 30th June 2012, up to 75% Loan to Value.


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