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Coventry updates Flexx

Amanda Jarvis

April 17, 2002

The Flexx variable, linked to the Society’s standard variable rate (SVR), now has a pay rate of 5.49 per cent. There is no arrangement fee, no early redemption charges and interest is charged daily. The loan is available up to 90 per cent loan-to-value (LTV) and there is also a free valuation service. The current SVR of the Society is 5.75 per cent.

The Flexx fix also has an initial rate of 5.49 per cent until 31 July 2004. There is an arrangement fee of £295, although there are no early redemption charges and the loan is available up to 95 per cent LTV.

The Flexx cap is capped at 5.99 per cent until 31 July 2007, and has an initial pay rate of 5.49 per cent. This also has an arrangement fee of £295, no early redemtion charges and is available up to 95 per cent LTV.

The Flexx mortgage range is guaranteed to be no greater than 2 per cent above Bank of England Base Rate for the term of the mortgage.


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