Coventry Intermediaries launches range of 3-year products at 2.69%

Coventry Intermediaries has launched a range of three-year products at 2.69 per cent with a choice of fee structures and the option of a capped tracker.

The first is available up to 65 per cent LTV with a booking fee of £199, an arrangement fee of £800 and no early repayment charges.

The second is available up to the same LTV with a £199 booking fee, a £00 arrangement fee and early repayment charges equal to 3 per cent of the balance.

The final new product is a capped tracker, at Bank of England base rate plus 2.19 per cent which is capped at 3.09 per cent. The mortgage is available up to 65 per cent LTV with a £199 booking fee, a £800 arrangement fee and early repayment charges equal to 3 per cent of balance.

Godiva Mortgages managing director Colin Franklin says: “We are delighted to launch a range of unique three year options, each paying a great rate of 2.69 per cent. Borrowers are able to choose between the flexibility of having no ERCs, or for those looking for low upfront fees, our £300 arrangement fee is ideal.

“For borrowers who want to enjoy the benefit of a low base rate with the added bonus that if BBR does go below 0.50 per cent, their rate will fall even further, our capped tracker is perfect. And don’t forget, all products include a valuation up to £670 and access to our remortgage transfer service, so as always, there is something for everyone at the Coventry.”