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Coventry launches offset and B2L deals

Coventry Intermediaries has launched a new range of offset and buy-to-let products with flat fees.

The new offset range includes a 3.49% Flexx for Term with a £199 booking fee, £1,800 arrangement fee and no early repayment charges, up to 65% LTV.

As well as a 3.69% Flexx for Term with a £199 booking fee, £1,300 arrangement fee and no early repayment charges, also up to 65% LTV.

On its buy-to-let range it has launched a two-year 3.75% fixed rate with a £250 booking fee and £2,249 arrangement fee up to 65% LTV.

As well as a two-year fixed rate at 3.99% with a £250 booking fee and £1,749 arrangement fee, up to 65% LTV.

And a two-year 4.25% fixed rate with a £250 booking fee and £999 arrangement fee, up to 65% LTV.

Colin Franklin, managing director of Godiva Mortgages, says the products are ideal for those requiring a larger loan.

He says: “The fees attached to mortgage products are often perceived as something to avoid, but in some cases you can save money on your mortgage by paying a flat fee and getting a lower interest rate in return. So borrowers requiring larger mortgages may be better off with a flat fee rather than a percentage fee.”

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