Fixed but flexible – new range of mortgages from the Coventry

The Coventry is launching a new range of residential and specialist mortgages designed to provide certainty and flexibility to customers.

The residential range includes a new 10 year fixed offset mortgage, with ERC’s limited to the first five years, and the option of paying 10% per annum without penalty; a choice of flexible fixed mortgages, some without ERC’s and some without fees; plus a new base rate tracker and a 100% first time buyer mortgage.

New specialist lending products will be available through Godiva Mortgages, the Coventry’s specialist lending subsidiary. These include new flexible buy to let, self certification and MOREgage products.

All products offer a free valuation and free legal fees for remortgagors.

Colin Franklin, Head of Sales at the Coventry and Managing Director, Godiva Mortgages Limited comments: “The addition of the new products to our range will offer customers a choice of short and long term rates with flexibility. With a strong possibility of an interest rate rise next week, and at a time when other lenders are withdrawing fixed rate products, we are offering the opportunity for borrowers to benefit from certainty of payments.”