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Coventry Intermediaries Launches Competitive 2 and 5 Year Fixed Rates from 2.49% at 65% LTV

Jan 4 2013 12:00AM

Marketwire

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LONDON, UNITED KINGDOM -- (Marketwire) -- 01/04/13 -- Coventry Intermediaries kicks off the new year with a highly competitive range of 2 and 5 year fixed rates, available from 65% LTV to 85% LTV. The new range allows overpayments of 10% on all new products and includes a legal and valuation package for remortgages. Available from Friday 4th January, highlights include;

2 Year Fixed Mortgages

-- 2.49% 2 Year Fixed Rate until 31.03.15, 65% LTV GBP 199 booking fee with GBP 800 arrangement fee and ERCs of 3% of balance until 31.03.15-- 2.69% 2 Year Fixed Rate until 31.03.15, 70% LTV, GBP 199 booking fee with GBP 800 arrangement fee and ERCs of 3% of balance until 31.03.15



5 Year Fixed Mortgage

-- 2.99% 5 Year Fixed Rate until 31.03.18, 65% LTV, GBP 199 booking fee with GBP 800 arrangement fee and ERCs of 3% of balance until 31.03.18-- 3.99% 5 Year Fixed Rate until 31.03.18, 85% LTV, GBP 199 booking fee with GBP 800 arrangement fee and ERCs of 3% of balance until 31.03.18



First Time Buyer Mortgage

-- 4.95% 5 Year Fixed Rate until 31.03.18, 90% LTV, GBP 199 booking fee, no arrangement fee, GBP 500 IKEA vouchers and ERCs of 3% of balance until 31.03.18 for members only(1)-- 4.99% 5 Year Fixed Rate until 31.03.18, 90% LTV, GBP 199 booking fee and GBP 300 arrangement fee and ERCs of 3% of balance until 31.03.18



Full details of the new products are attached.

Colin Franklin, Managing Director, Godiva Mortgages, said: "We are starting the year with a fantastic new range of mortgages which includes 2 year fixed rates from 2.49% and fixed rate for 5 years for just 2.99%. We have also cut rates on our First Time Buyer deals - members can now benefit from a five year fixed rate of 4.95% and GBP 500 IKEA gift vouchers. Not only does our new range offer great value for money but all new products now have a 10% overpayment facility. And as products include a valuation up to GBP 670 and access to our remortgage transfer service, we expect our new range to be extremely popular, so act now and make sure your clients have a Happy New Year with the Coventry."

(1)To qualify for the Member's First Time Buyer Mortgage you or your grandparent/parent/guardian must have held a Coventry savings, Coventry current account (or in the case of grandparent/parent or guardian - a Coventry mortgage) with us continuously for the last three years or more at the time of application.

---------------------------------------------------------------------------- The overall Current cost for Max Fees andCoventry BS Rate comparison is LTV incentives ERC----------------------------------------------------------------------------Residential2.49% Fixed to 31.03.15 2.49% 4.4% APR 65% Booking Fee: 3% of theFollowed by Standard GBP 199 balanceVariable rate to Arrangement to31.03.18, currently at Fee: GBP 800 31.03.154.74%. Followed by Valuation upPrivilege rate for the to GBP 670remainder of the includedmortgage, currently Remortgage4.49% Transfer Service included----------------------------------------------------------------------------Residential2.59% Fixed to 31.03.15 2.59% 4.3% APR 65% Booking Fee: 3% of theFollowed by Standard GBP 199 balanceVariable rate to Arrangement to31.03.18, currently at Fee: GBP 300 31.03.154.74%. Followed by Valuation upPrivilege rate for the to GBP 670remainder of the includedmortgage, currently Remortgage4.49% Transfer Service included----------------------------------------------------------------------------Residential2.89% Fixed to 31.03.15 2.89% 4.4% APR 65% Booking Fee: 3% of theFollowed by Standard GBP 199 balanceVariable rate to Arrangement to31.03.18, currently at Fee: None 31.03.154.74%. Followed by Valuation upPrivilege rate for the to GBP 670remainder of the includedmortgage, currently Remortgage4.49% Transfer Service included----------------------------------------------------------------------------Residential2.69% Fixed to 31.03.15 2.69% 4.4% APR 70% Booking Fee: 3% of theFollowed by Standard GBP 199 balanceVariable rate to Arrangement to31.03.18, currently at Fee: GBP 800 31.03.154.74%. Followed by Valuation upPrivilege rate for the to GBP 670remainder of the includedmortgage, currently Remortgage4.49% Transfer Service included----------------------------------------------------------------------------Residential3.09% Fixed to 31.03.15 3.09% 4.4% APR 70% Booking Fee: 3% of theFollowed by Standard GBP 199 balanceVariable rate to Arrangement to31.03.18, currently at Fee: None 31.03.154.74%. Followed by Valuation upPrivilege rate for the to GBP 670remainder of the includedmortgage, currently Remortgage4.49% Transfer Service included----------------------------------------------------------------------------Residential3.19% Fixed to 31.03.15 3.19% 4.5% APR 80% Booking Fee: 3% of theFollowed by Standard GBP 199 balanceVariable rate to Arrangement to31.03.18, currently at Fee: GBP 800 31.03.154.74%. Followed by Valuation upPrivilege rate for the to GBP 670remainder of the includedmortgage, currently Remortgage4.49% Transfer Service included----------------------------------------------------------------------------Residential3.59% Fixed to 31.03.15 3.59% 4.5% APR 80% Booking Fee: 3% of theFollowed by Standard GBP 199 balanceVariable rate to Arrangement to31.03.18, currently at Fee: None 31.03.154.74%. Followed by Valuation upPrivilege rate for the to GBP 670remainder of the includedmortgage, currently Remortgage4.49% Transfer Service included----------------------------------------------------------------------------Residential3.85% Fixed to 31.03.15 3.85% 4.5% APR 85% Booking Fee: 3% of theFollowed by Standard GBP 199 balanceVariable rate to Arrangement to31.03.18, currently at Fee: GBP 800 31.03.154.74%. Followed by Valuation upPrivilege rate for the to GBP 670remainder of the includedmortgage, currently Remortgage4.49% Transfer Service included----------------------------------------------------------------------------Residential4.25% Fixed to 31.03.15 4.25% 4.6% APR 85% Booking Fee: 3% of theFollowed by Standard GBP 199 balanceVariable rate to Arrangement to31.03.18, currently at Fee: None 31.03.154.74%. Followed by Valuation upPrivilege rate for the to GBP 670remainder of the includedmortgage, currently Remortgage4.49% Transfer Service included----------------------------------------------------------------------------Residential2.99% Fixed to 31.03.18 2.99% 4.1% APR 65% Booking Fee: 3% of theFollowed by Privilege GBP 199 balancerate for the remainder Arrangement toof the mortgage, Fee: GBP 800 31.03.18currently 4.49% Valuation up to GBP 670 included Remortgage Transfer Service included----------------------------------------------------------------------------Residential3.39% Fixed to 31.03.18 3.39% 4.2% APR 65% Booking Fee: 3% of theFollowed by Privilege GBP 199 balancerate for the remainder Arrangement toof the mortgage, Fee: None 31.03.18currently 4.49% Valuation up to GBP 670 included Remortgage Transfer Service included----------------------------------------------------------------------------Residential3.19% Fixed to 31.03.18 3.19% 4.1% APR 70% Booking Fee: 3% of theFollowed by Privilege GBP 199 balancerate for the remainder Arrangement toof the mortgage, Fee: GBP 800 31.03.18currently 4.49% Valuation up to GBP 670 included Remortgage Transfer Service included----------------------------------------------------------------------------Residential3.59% Fixed to 31.03.18 3.59% 4.2% APR 70% Booking Fee: 3% of theFollowed by Privilege GBP 199 balancerate for the remainder Arrangement toof the mortgage, Fee: None 31.03.18currently 4.49% Valuation up to GBP 670 included Remortgage Transfer Service included----------------------------------------------------------------------------Residential3.99% Fixed to 31.03.18 3.99% 4.5% APR 85% Booking Fee: 3% of theFollowed by Privilege GBP 199 balancerate for the remainder Arrangement toof the mortgage, Fee: GBP 800 31.03.18currently 4.49% Valuation up to GBP 670 included Remortgage Transfer Service included----------------------------------------------------------------------------Residential4.59% Fixed to 31.03.18 4.59% 4.7% APR 85% Booking Fee: 3% of theFollowed by Privilege GBP 199 balancerate for the remainder Arrangement toof the mortgage, Fee: None 31.03.18currently 4.49% Valuation up to GBP 670 included Remortgage Transfer Service included----------------------------------------------------------------------------ResidentialFlexx for Term 3.69% 3.9% APR 65% Booking Fee: None GBP 199 Arrangement Fee: GBP 800 Valuation up to GBP 670 included Remortgage Transfer Service included----------------------------------------------------------------------------ResidentialFlexx for Term 3.99% 4.2% APR 85% Booking Fee: None GBP 199 Arrangement Fee: GBP 800 Valuation up to GBP 670 included Remortgage Transfer Service included----------------------------------------------------------------------------Members' First Time Buyer4.95% Fixed to 31.03.18 4.95% 4.8% APR 90% Booking Fee: 3% of the GBP 199 balance Arrangement to Fee: None 31.03.18 Valuation up to GBP 670 included GBP 500 IKEA Gift Card (issued on completion)----------------------------------------------------------------------------First Time Buyer4.99% Fixed to 31.03.18 4.99% 4.8% APR 90% Booking Fee: 3% of the GBP 199 balance Arrangement to Fee: GBP 300 31.03.18 Valuation up to GBP 670 included----------------------------------------------------------------------------



For more information mortgage introducers should telephone the central intermediary support team on 0845 757 3612 (available Monday to Friday, 9.00am to 5.00pm) or log onto www.coventryintermediaries.co.uk.

Your home may be repossessed if you do not keep up repayments on your mortgage.



Contacts:
For more information or additional comment please contact:
Coventry Building Society
Press office
0870 607 7727
media@thecoventry.co.uk
We monitor and record phone calls.





Source: Marketwire


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