Coventry cuts rates by up to 0.66%
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Coventry Building Society has launched a mortgage range with rates reduced by up to 0.66%.
The range includes a two-year fixed rate deal of 3.65% available up to 70% LTV and a two-year fixed rate deal at 3.5% at 50% LTV, the latter product featuring free valuation and free remortgage transfer service.
There is also a two-year tracker at Bank of England base rate plus 2.09%, currently 2.59%, at 70% LTV.
Coventry has also a launched a buy-to-let deal at 4.99% fixed for 18 months carrying a £700 fee and a free valuation, and available at 65% LTV.
Colin Franklin, sales and marketing director at the Coventry, says: “We continue to have a strong appetite for growing our mortgage business and expect this range to be well received by intermediaries and customers alike.”
“With our intermediary pledges, including a promise of no dual pricing, we have developed this range to boost business opportunities for brokers.”
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Readers' comments (2)
Mark Stroud | 27 Nov 2009 12:49 pm
It's great to see this relatively small lender bring out some good rates, I for one will be supporting them. Remember this lender has supported the intermediary sector throughout these trying times and did not have to resort to a fund booking line or withdrawing products with 15 minutes notice.
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joe | 2 Dec 2009 5:19 pm
why is the arrangement fees for mortgages so high? lenders want us to pay booking fees and arrangement fees!!! aswell as charge intrest throughout term of the mortgage.why is this allowed? is there any lenders that dont rip us off?
please advise
thank you
joe
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