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Coventry slashes rates

Ryan Fowler

May 6, 2014

Rates start at 1.89% and a selection of fee structures and LTVs, the new range is available from Friday 2 May.

Highlights include a residential 3.09% fixed rate until 30.06.16, 85% LTV £199 booking fee, £800 arrangement fee and early repayment charges (ERCs) payable to 30.06.16.

A 3.14% fixed rate until 30.06.19, 65% LTV £199 booking fee, £800 arrangement fee and ERCs payable to 30.06.19.

And a 4.69% fixed rate members FTB only until 30.06.19, 90% LTV, £199 booking fee, no arrangement fee, £500 IKEA vouchers and early repayment charges (ERCs) payable to 30.06.19.

On buy-to-let side Coventry is offering a a 4.79% fixed-rate until 30.04.19, 75% LTV £250 booking fee, £999 arrangement fee and ERCs payable to 30.04.19 and a 3.45% Flexx for Term, 65% LTV £250 booking fee, £749 arrangement fee and no ERCs.

Colin Franklin, managing director, Godiva Mortgages, said: “Our range has just got even better. We have Bank of England Base Rate Trackers starting from 1.89%, fixed-rates from 2.09% and Flexx for Term options from just 2.25%.

“And we have also launched a highly competitive first time buyer option for our members1 with a five year fixed rate of 4.69% with no arrangement fee and £500 IKEA gift vouchers. With something for everyone in our competitive new range, its business as usual here at the Coventry.”


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