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Coventry BS launches five-year fix at 90% LTV

Coventry Building Society is launching a five-year fixed rate mortgage at 90% LTV aimed at first time buyers.

The product is available from Tuesday June 7 with a 5.99% rate, no early repayment charges, a £199 booking fee, no arrangement fee and a valuation up to £670 included.

Colin Franklin, sales and marketing director at Coventry Building Society, says: “With uncertainty over when interest rates will move and by how much, a first time buyer mortgage that provides certainty over five years is the responsible option, ensuring that borrowers repayments aren’t affected by a very different rate environment in only a couple of years.

“We are confident that our new product with low up front fees, no ERC’s and the flexibility to overpay penalty free, will be very popular with first time buyers and a welcome addition to our range.”



1,348 – The number of individuals who are made redundant every day in this country, data from a charity shows. 75% – The percentage of workers in the UK who have a commute of half an hour or less, according to the Office for National Statistics. 128% – The average house price increase in UK […]



There were lots of positives last week with numerous rate cuts and the CML raising its gross lending prediction to £140bn. Also, Northern Rock has tweaked its mortgage offering in response to broker feedback

Johnson Fleming is a finalist at UK Pensions Awards 2016

The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]


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