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Coventry launches 85% and 90% LTV deals for FTBs

Coventry Intermediaries is launching two new first time buyer deals at 85% and 90% LTV through Coventry Building Society.

Both deals are available at 5.85% but the buyer’s parents or grandparents must have held a savings or mortgage account with the building society for three years.

Its other brand, Godiva Mortgages Ltd. is also launching a 2.75% Flexx For Term at 50% LTV and a 2.99% two year fixed rate at 50% LTV.

Colin Franklin, managing director of Godiva Mortgages, says “ We are delighted to offer these excellent  rates as part of our exciting new product range. With competitively priced fees at £999, we are confident that our new range at Coventry Intermediaries has something for everyone.”

“We remain, as always, committed to our pledges including no dual pricing. Unlike other lenders all of our products are available through brokers or direct at the same price – we are exclusively whole of market.”

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  • Dan McGeehan 17th August 2010 at 1:31 pm

    Good new range from Coventry and helping existings customers family get a mortgage is a tradational field for a building society to operate in. Although we would all like to see it open for everyone at 90% the lender could not cope with that.