Coventry reduces mortgage rates

Nia Williams

January 15, 2010

Headlining the new portfolio are:

New Residential Flexx for Term:

• 2.99% Flexx for Term, loan to value 65%,

• 3.45% Flexx for Term, loan to value 75%

• No early repayment charges and unlimited overpayments

• One valuation up to £650 and a legal package for remortgagors included

Reduced Fixed Rates, inc. competitive 2 year deals:

• 3.45% 2 Year Fixed Rate (until 31.03.2012), loan to value 65%,

• 3.55% 2 Year Fixed Rate (until 31.03.2012) loan to value 75%

• 4.85% 2 Year Fixed Rate (until 31.03.2012) loan to value 80%

• 5.15% 2 year Fixed Rate (until 31.03.2012) loan to value 85% (available to remortgagors only)

• Plus 3 and 5 year Fixed Rates, all including one valuation up to £650 and legal package for remortgagors

New Base Rate Trackers:

• Base rate tracker, 2.19%+ BBR for 2 years, loan to value of 65%

• Base rate tracker 2.39%+ BBR for 2 years, loan to value of 75%

• All including one valuation up to £650 and a legal package for remortgagors

Colin Franklin, sales and marketing director at the Coventry, said: “We are seeing more competition in the mortgage market but this range will take some beating. We have reduced the rates, reduced the deposit required and with some standard variable rates being increased, I am in no doubt that many people will be better off with the Coventry.”

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