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Coventry to launch offset tracker

The Coventry is launching an offset tracker mortgage through intermediaries on Thursday June 7.

Key features of this tracker product include Flexx base rate tracker plus 0.1% until June 30, free valuation, free legal fees for remortgage and no early repayment charges.

Julie Jones, head of intermediary sales at the Coventry, says: The new offset product is ideal for borrowers who want to combine their mortgage and savings.

The product combines a low pay rate and offers the flexibility of no early repayment charges enabling them to reduce their capital without penalty.


Adapt to survive the market turndown

As the character Tancredi Falconeri comments in the film adaptation of the classic novel The Leopard, If we want things to stay as they are, things will have to change.

GHL quits PMPA to join RAMP

GHL Group has left the Professional Mortgage Packager Alliance to join the Regulatory Association of Mortgage Packagers. But it denies that its move is a result of the resignation of Jon O’Brien, former operations director at PMPA. KGB Packaging also recently left PMPA for RAMP, but also denies this is linked to O’Brien’s departure.

Prices up, says Land Registry

Land Registry data reveals the average house price for England and Wales rose by 0.6% in April to £179,935, while average London house prices hit £333,785. The annual change was 9.1%.


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