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Coventry Building Society launches new fixed rate mortgages

29th November 2012 Print

Coventry Building Society's new range includes 2 year fixed rates from 2.59% with low arrangement fees and a 5 year Flexx Fixed rate at 3.99% available up to 85% loan to value (LTV).

This competitive range also includes a legal and valuation package for remortgages. Available from Friday 30th November, highlights include;

2 Year Fixed Mortgage

2.59% 2 Year Fixed Rate until 31.12.14, 65% LTV £199 booking fee with £300 arrangement fee and ERCs of 3% of balance until 31.12.14.

4 Year Fixed Mortgage

2.99% 4 Year Fixed Rate until 31.12.16, 65% LTV, £199 booking fee with £800 arrangement fee and ERCs of 3% of the balance to 31.12.16

5 Year Flexx Fixed

3.99% 5 Year Flexx Fixed until 31.12.17, 85% LTV, £199 booking fee with £800 arrangement fee and no ERC's.

The new range also includes a choice of highly competitive BTL products including, 2 year fixed rates from 3.29% and 2 year Flexx Fixed from 3.49%.

Colin Franklin, Sales and Marketing Director, Coventry Building Society, said: "Many borrowers want the security of a competitive fixed rate without having to pay a large arrangement fee. Our 2 year fixed rate at 2.59% with an arrangement fee of just £300 is ideal. We also expect our 4 year fixed rate at just 2.99% to be very popular with borrowers looking to lock into a fantastic low rate for a longer period. And for those looking

for more flexibility, we have launched a highly competitive Flexx for Term at 3.99% available up to 85% LTV with no early repayment charges (ERCs). And don't forget, all products include a valuation up to £670 (£700 for BTL) and access to our remortgage transfer service, so borrowers need to act now and make sure they don't miss out".

For more information, visit thecoventry.co.uk.