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Coventry seems to be dual pricing despite its claims

Correct me if I’m wrong but didn’t Coventry once state that it would not go down the dual pricing route?

I have clients coming off fixed rate products with Coventry at the end of December. They have been offered a tracker rate at base rate plus 0.6% or a fixed rate at 3.99% if they stay with the lender.

But the best I can find for brokers on Coventry’s website is a fixed rate at 6.55% or a privilege rate at 5.24%. This looks a lot like dual pricing to me.

Steve Price

Woodenbox Mortgages




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The recapitalisation of Irish banks is proving a tricky issue for finance minister Brian Lenihan, whose government has already underwritten their balance sheets at a potential cost to the taxpayer of €450bn.No one disputes that another €12bn-plus is needed to get the banks lending again, the question is, who should provide it? The state, already […]


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