Coventry cuts rates by up to 0.26% on residential mortgage range

Great news for first time buyers or those looking for a high LTV as Coventry Building Society cuts rates on 2 and 5 year Fixed rate options. Available from Tuesday 9 December, highlights include;

2 Year Fixed

2.59% (reduced from 2.75%) Fixed Rate until 31.12.16, 85% LTV, £800 arrangement fee, Early Repayment Charges (ERCs) payable to 31.12.16.

3.39% (reduced from 3.65%) Fixed Rate until 31.12.16, 90% LTV, £300 arrangement fee, Early Repayment Charges (ERCs) payable to 31.12.16.

5 Year Fixed

3.69% (reduced from 3.79%) Fixed Rate until 31.12.19, 85% LTV, £800 arrangement fee, Early Repayment Charges (ERCs) payable to 31.12.19.

4.35% (reduced from 4.49%) Fixed Rate until 31.12.19, 90% LTV, no arrangement fee, Early Repayment Charges (ERCs) payable to 31.12.19.             

Darin Landon, Distribution Director, said: “Hot on the heels of the Chancellors recent announcement on stamp duty there is more good news for homebuyers. We have cut rates on selected 2 and 5 year fixed rates at 85% and 90% LTV with great rates starting from just 2.59%. And as booking fees are no longer payable on any of our products, we have fee free options with no arrangement fees payable either; ideal for those looking to keep their costs low. And don’t forget, all residential products include a valuation up to £670 and access to our remortgage transfer service”.