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Coventry launches five-year fixes from 3.99%

Coventry Building Society has launched a range of offset, fixed, base rate tracker and buy-to-let mortgage products with a range of fee options.

Its new deals include a five-year fixed rate at 3.99% up to 65% LTV, with a £199 booking fee and £800 arrangement fee.

As well as a 4.19% five-year fixed rate, up to 65% LTV with a £199 booking fee and no arrangement fee.

It has also launched a five-year tracker at 3.50%, base rate plus 3.00%, up to 65% LTV with a £199 booking fee and a £800 arrangement fee.

Along with a five-year tracker at 4.00%, base rate plus 3.50%, up to 65% LTV, with a £199 booking fee and no arrangement fee.

It is also offering a 4.35% offset flexx for term up to 65% LTV, with a £199 booking fee, no arrangement fee and no early repayment charges and a two-year 4.49% buy-to-let fixed rate up to 65% LTV, with a £250 booking fee with no arrangement fee.

Colin Franklin, sales and marketing director, Coventry Building Society, says: “Hot on the heels of last week’s new products, were back again offering even more choice to borrowers.”


Woolwich ends midnight funds

Woolwich has revamped its online case booking system so intermediaries will no longer have to wait until midnight to book funds. Woolwich allows brokers to reserve products by securing funding online, which was previously released at midnight seven days a week. But from today, intermediaries will be able to secure funding from 10am daily. The […]


Industry must grasp interest-only problem

Martin Wheatley, managing director of the conduct busines unit of the Financial Services Authority, was talking recently at a Treasury Select Committee session about the ticking time bomb of interest-only mortgages and the inability of many people approaching retirement to repay their loans.


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