Coventry Building Society extends helping hand to first time buyers

Coventry Building Society is launching a new range of mortgages for First Time Buyers at up to 90% LTV, with low flat fees and excellent rates.

And if you're an existing Coventry member, there's even more on offer. The range is available from Thursday 9th August.     

First Time Buyer Mortgages

5.19%, fixed until 30.09.17, 85% LTV, £199 booking fee with £300 arrangement fee.5.39%, fixed until 30.09.17, 90% LTV, £199 booking fee with £300 arrangement fee.

Member's First Time Buyer Mortgage

5.19%, fixed until 30.09.17, 90% LTV, £199 booking fee with no arrangement fee and £500 IKEA Gift card (issued on completion).

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.

Colin Franklin, Sales and Marketing Director, Coventry Building Society, said: "We think that First Time Buyers deserve some help when they're starting out. Our new First Time Buyer range offers a winning combination of low, flat fees and a competitive fixed rate for those early years when payment stability is so important. With options available up to 90% LTV, it's getting easier to realise your dreams of home ownership.

"But that's not all. We think it's important to support our existing members, their children and grandchildren. That's why our Member's First Time Buyer Mortgage offers such a good deal.

"As well as low flat fees, all of our products include a valuation up to £670. So whatever you're looking for, we are confident that our new First Time Buyer range has something to offer".

For more information, visit coventrybuildingsociety.co.uk.