Coventry reduces mortgage rates

Coventry Building Society is launching a new mortgage product range with rates lowered by up to 0.66%.

The Coventry has launched fixed, tracker and Flexx products in its residential, offset & buy-to-let (BTL) ranges, as well as offering a variety of different loan to value levels and arrangement fee options.

Headlining the changes is a new 2 year fixed rate residential mortgage at 3.50% available at 50% LTV, with free valuation and free remortgage transfer service.

Residential customers borrowing up to 70% LTV can take a 2 year fixed rate of 3.65%.

For customers looking for a product that tracks the Bank of England Base Rate, Coventry is introducing a 2 year tracker at 70% LTV, equivalent to Base Rate plus 2.09% which gives a current payment rate of 2.59%.

A free valuation and free remortgage transfer service is also available on this product.

Also launched are a number of BTL mortgage products including 4.99% fixed for 18 months with £700 fees and a free valuation.

This is available at 65% LTV.

 

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