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Coventry cuts mortgage rates by up to 0.5pc

Nia Williams

January 17, 2013

Highlights include:

2 year fixed rates

2.35% (reduced from 2.49%) until 31.03.15, 65% LTV £199 booking fee with £800 arrangement fee and ERCs of 3% of balance until 31.03.15

2.65% (reduced from 2.89%) until 31.03.15, 65% LTV £199 booking fee, no arrangement fee and ERCs of 3% of balance until 31.03.15

3.55% (reduced from 3.85%) until 31.03.15, 85% LTV, £199 booking fee with £800 arrangement fee and ERCs of 3% of balance until 31.03.15

3.75% (reduced from 4.25%) until 31.03.15, 85% LTV, £199 booking fee, no arrangement fee and ERCs of 3% of balance until 31.03.15

5 year fixed rates

2.95% until 31.03.18, 65% LTV £199 booking fee with £800 arrangement fee and ERCs of 3% of balance until 31.03.18

3.15% until 31.03.18, 65% LTV £199 booking fee with no arrangement fee and ERCs of 3% of balance until 31.03.18

Commenting, Colin Franklin, managing director, Godiva Mortgages, said: “Due to the strong demand from brokers for 2 year fixed deals we have decided to reduce rates starting from a best buy rate of 2.35%.

“We have also cut prices across our range with some fantastic low rates, available up to 90% LTV and many with no arrangements fees.

“And as all products include a valuation up to £670 and access to our remortgage transfer service, we are confident that there is something for everyone in our new range.”


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