Coventry extends 2-year fixes and cut rates

Robyn Hall

September 19, 2013

Highlights from the residential range include a 2-year 2.15% fixed rate at 65% loan to value with a £199 booking fee and £800 arrangement fee, a 2- year 4.29% fixed rate at 90% LTV with a £199 booking fee with no arrangement fee and a 2.65% Flexx for Term at 75% LTV with a £199 booking fee and an £800 arrangement fee.

Refreshments on the buy-to-let range include a 3.29% 2-year fixed rate at 65% LTV at £199 booking fee and a £1749 arrangement fee and a 2-year 4.15% fixed rate at 75% LTV with a £250 booking fee and a £250 arrangement fee.

Colin Franklin, managing director at Godiva Mortgages, the Coventry’s intermediary arm, said: “Our highly competitive range has just got even better. We have extended the term on all 2 and 5-year fixed rates by 3 months so borrowers can enjoy the security of a great rate for even longer.

“Buy-to-let investors aren’t missing out either as we have cut rates on selected products including our popular Flexx for Term option which has been reduced from 3.79% down to 3.49%.

“And for investors looking for low upfront fees our new 4.15% 2-year fixed rate, available up to 75% LTV with arrangement fees of just £250 is ideal.”

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