Coventry launches Flexx Capped deal
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Coventry Building Society is launching two Flexx Capped deals which allow unlimited over payments and no early repayment charges.
The deal is capped at 3.99% for two years with the initial pay rate at 2.99% with 65% LTV.
The 75% LTV option has a 4.49% cap for two years with an initial pay rate of 3.49%.
Coventry is also launching a 2.89% Flexx for Term with 65% LTV, a 3.15% Flexx for Term with 75% LTV and a 3.99% three-year fixed rate at 70% LTV.
Ed Sadler, Marketing Product Manager at Coventry, says: “Many people are looking to protect themselves against potential interest rate rises whilst benefiting from our historically low rates, and our new Flexx Capped products are perfect. Not only do they give peace of mind that payments will not exceed the capped rate, they also provide flexibility as borrowers are able to make unlimited over payments with no ERC’s.”
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