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Coventry Intermediaries Cuts Rates Across Highly Competitive Range of Residential, Offset and Buy to Let Mortgages

May 10 2013 12:00AM

Marketwire

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LONDON, UNITED KINGDOM -- (Marketwired) -- 05/10/13 -- This news release is for the use of journalists only.

Coventry Intermediaries has cut rates across its highly competitive range of Residential, Offset and Buy to Let options. Available from Thursday 9th May highlights include;

-- 2.25%, reduced from 2.35%, 2 Year Fixed Rate until 30.06.15 65% LTV GBP 199 booking fee with GBP 800 arrangement fee and ERCs of 3% of balance until 30.06.15-- 2.35%, reduced from 2.65%, Flexx for Term, 65% LTV GBP 199 booking fee with GBP 800 arrangement fee with no ERCs.-- 2.85%, reduced from 3.09% Offset, Flexx for Term, 75% LTV GBP 199 booking fee with GBP 300 arrangement fee with no ERCs.-- 3.29%, reduced from 3.99% BTL, Flexx for Term, 65% LTV GBP 250 booking fee with GBP 1749 arrangement fee with no ERCs.



Colin Franklin, Managing Director, Godiva Mortgages, said: Our popular Flexx for Term range has just got even better, as we have cut rates by up to 0.70%. Borrowers can now enjoy the flexibility of no ERCs and unlimited overpayments, from rates as low as 2.35%. And for borrowers looking for the security of a fixed rate, we have also reduced rates on all our 2 year fixed products by 0.10%. And don't forget, all products include a valuation up to GBP 700 and access to our remortgage transfer service."

Full details of the new products are attached.

---------------------------------------------------------------------------- The overall cost for Fees Current comparison Max andCoventry BS Rate is LTV incentives ERC----------------------------------------------------------------------------Residential2.25% Fixed to 30.06.15Followed by Standard Variable Rate to 30.06.18, Booking Fee: GBP 199 currently 4.74%. Arrangement Fee: GBPFollowed by 800 Privilege Rate for Valuation up to GBP the remainder of 670 included 3% of the the mortgage, Remortgage Transfer balance to currently 4.49%. 2.25% 4.3% APR 65% Service included 30.06.15----------------------------------------------------------------------------Residential2.35% Fixed to 30.06.15Followed by Standard Variable Rate to 30.06.18, Booking Fee: GBP 199 currently 4.74%. Arrangement Fee: GBPFollowed by 300 Privilege Rate for Valuation up to GBP the remainder of 670 included 3% of the the mortgage, Remortgage Transfer balance to currently 4.49%. 2.35% 4.3% APR 65% Service included 30.06.15----------------------------------------------------------------------------Residential2.45% Fixed to 30.06.15Followed by Standard Variable Rate to 30.06.18, currently 4.74%. Booking Fee: GBP 199Followed by Arrangement Fee: None Privilege Rate for Valuation up to GBP the remainder of 670 included 3% of the the mortgage, Remortgage Transfer balance to currently 4.49%. 2.45% 4.3% APR 65% Service included 30.06.15----------------------------------------------------------------------------Residential2.45% Fixed to 30.06.15Followed by Standard Variable Rate to 30.06.18, Booking Fee: GBP 199 currently 4.74%. Arrangement Fee: GBPFollowed by 800 Privilege Rate for Valuation up to GBP the remainder of 670 included 3% of the the mortgage, Remortgage Transfer balance to currently 4.49%. 2.45% 4.4% APR 75% Service included 30.06.15----------------------------------------------------------------------------Residential 3.09% Fixed to 30.06.15 Followed by Standard Variable Rate to 30.06.18, Booking Fee: GBP 199 currently 4.74%. Arrangement Fee: GBP Followed by 300 Privilege Rate for Valuation up to GBP the remainder of 670 included 3% of the the mortgage, Remortgage Transfer balance to currently 4.49% 3.09% 4.4% APR 80% Service included 30.06.15----------------------------------------------------------------------------Residential3.49% Fixed to 30.06.15Followed by Standard Variable Rate to 30.06.18, Booking Fee: GBP 199 currently 4.74%. Arrangement Fee: GBPFollowed by 800 Privilege Rate for Valuation up to GBP the remainder of 670 included 3% of the the mortgage, Remortgage Transfer balance to currently 4.49% 3.49% 4.6% APR 85% Service included 30.06.15----------------------------------------------------------------------------Residential4.19% Fixed to 30.06.15Followed by Standard Variable Rate to 30.06.18, Booking Fee: GBP 199 currently 4.74%. Arrangement Fee: GBPFollowed by 800 Privilege Rate for Valuation up to GBP the remainder of 670 included 3% of the the mortgage, Remortgage Transfer balance to currently 4.49% 4.19% 4.7% APR 90% Service included 30.06.15----------------------------------------------------------------------------Residential2.85% Fixed to Booking Fee: GBP 199 30.06.18 Arrangement Fee: GBPFollowed by 800 Privilege Rate for Valuation up to GBP the remainder of 670 included 3% of the the mortgage, Remortgage Transfer balance to currently 4.49% 2.85% 4.0% APR 65% Service included 30.06.18----------------------------------------------------------------------------Residential2.95% Fixed to Booking Fee: GBP 199 30.06.18 Arrangement Fee: GBPFollowed by 300 Privilege Rate for Valuation up to GBP the remainder of 670 included 3% of the the mortgage, Remortgage Transfer balance to currently 4.49% 2.95% 4.0% APR 65% Service included 30.06.18---------------------------------------------------------------------------- Booking Fee: GBP 199 Arrangement Fee: GBP 800 Valuation up to GBP 670 includedResidential Remortgage TransferFlexx for Term 2.35% 2.5% APR 65% Service included None---------------------------------------------------------------------------- Booking Fee: GBP 199 Arrangement Fee: GBP 300 Valuation up to GBP 670 includedResidential Remortgage TransferFlexx for Term 2.45% 2.5% APR 65% Service included None---------------------------------------------------------------------------- Booking Fee: GBP 199 Arrangement Fee: GBP 800 Valuation up to GBP 670 includedResidential Remortgage TransferFlexx for Term 2.55% 2.7% APR 75% Service included None---------------------------------------------------------------------------- Booking Fee: GBP 199 Arrangement Fee: GBP 800 Valuation up to GBP 670 includedResidential Remortgage TransferFlexx for Term 2.99% 3.1% APR 80% Service included None----------------------------------------------------------------------------Offset2.55% Fixed to 30.06.15Followed by Standard Variable Rate to 30.06.18, Booking Fee: GBP 199 currently 4.74%. Arrangement Fee: GBPFollowed by 300 Privilege Rate for Valuation up to GBP the remainder of 670 included 3% of the the mortgage, Remortgage Transfer balance to currently 4.49% 2.55% 4.3% APR 65% Service included 30.06.15----------------------------------------------------------------------------Offset2.75% Fixed to 30.06.15Followed by Standard Variable Rate to 30.06.18, Booking Fee: GBP 199 currently 4.74%. Arrangement Fee: GBPFollowed by 300 Privilege Rate for Valuation up to GBP the remainder of 670 included 3% of the the mortgage, Remortgage Transfer balance to currently 4.49% 2.75% 4.4% APR 75% Service included 30.06.15----------------------------------------------------------------------------Offset3.15% Fixed to Booking Fee: GBP 199 30.06.18 Arrangement Fee: GBPFollowed by 300 Privilege Rate for Valuation up to GBP the remainder of 670 included 3% of the the mortgage, Remortgage Transfer balance to currently 4.49% 3.15% 4.1% APR 65% Service included 30.06.18---------------------------------------------------------------------------- Booking Fee: GBP 199 Arrangement Fee: GBP 300 Valuation up to GBPOffset 670 includedOffset Flexx for Remortgage Transfer Term 2.65% 2.7% APR 65% Service included None---------------------------------------------------------------------------- Booking Fee: GBP 199 Arrangement Fee: GBP 300 Valuation up to GBPOffset 670 includedOffset Flexx for Remortgage Transfer Term 2.85% 3.0% APR 75% Service included None----------------------------------------------------------------------------Buy to Let3.69% Fixed to 30.04.15 Booking Fee: GBP 250Followed by Arrangement Fee: GBP Standard Variable 1,749 Rate for the Valuation up to GBP remainder of the 700 included 3% of the mortgage term, Remortgage Transfer balance to currently 4.74%. 3.69% 4.8% APR 70% Service included 30.04.15----------------------------------------------------------------------------Buy to Let3.79% Fixed to 30.04.15 Booking Fee: GBP 250Followed by Arrangement Fee: GBP Standard Variable 1,749 Rate for the Valuation up to GBP remainder of the 700 included 3% of the mortgage term, Remortgage Transfer balance to currently 4.74%. 3.79% 4.9% APR 75% Service included 30.04.15----------------------------------------------------------------------------Buy to Let4.29% Fixed to 30.04.18 Booking Fee: GBP 250Followed by Arrangement Fee: GBP Standard Variable 1,749 Rate for the Valuation up to GBP remainder of the 700 included 3% of the mortgage term, Remortgage Transfer balance to currently 4.74%. 4.29% 4.8% APR 70% Service included 30.04.18----------------------------------------------------------------------------Buy to Let4.39% Fixed to 30.04.18 Booking Fee: GBP 250Followed by Arrangement Fee: GBP Standard Variable 1,749 Rate for the Valuation up to GBP remainder of the 700 included 3% of the mortgage term, Remortgage Transfer balance to currently 4.74%. 4.39% 4.9% APR 75% Service included 30.04.18---------------------------------------------------------------------------- Booking Fee: GBP 250 Arrangement Fee: GBP 1,749 Valuation up to GBP 700 includedBuy to Let Remortgage TransferBTL Flexx for Term 3.29% 3.5% APR 65% Service included None---------------------------------------------------------------------------- Booking Fee: GBP 250 Arrangement Fee: GBP 749 Valuation up to GBP 700 includedBuy to Let Remortgage TransferBTL Flexx for Term 3.49% 3.6% APR 65% Service included None---------------------------------------------------------------------------- Booking Fee: GBP 250 Arrangement Fee: GBP 1749 Valuation up to GBP 700 includedBuy to Let Remortgage TransferBTL Flexx for Term 3.79% 4.0% APR 70% Service included None----------------------------------------------------------------------------



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.

For more information or additional comment please contact the press office. We monitor and record phone calls.



Contacts:
Press Office
0870 607 7727
media@thecoventry.co.uk





Source: Marketwire


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