Coventry reduces mortgage rates by up to 0.66%

Coventry Building Society is launching a new mortgage product range with rates lowered by up to 0.66%.  Offering a wide choice, the Coventry has launched Fixed, Tracker and Flexx products in its Residential, Offset & BTL ranges, as well as offering a variety of different Loan to Value levels and arrangement fee options.

Headlining the changes is a new 2 year fixed rate residential mortgage at a very competitive 3.50% available at 50% LTV, with free valuation and free remortgage transfer service.  Residential customers borrowing up to 70% LTV can take a 2 year fixed rate of 3.65%.

For customers looking for a product that tracks the Bank of England Base Rate, Coventry is introducing a 2 year tracker at 70% LTV, equivalent to Base Rate plus 2.09% which gives a current payment rate of 2.59%.  A free valuation and free remortgage transfer service is also available on this product.

Colin Franklin, Sales and Marketing Director at the Coventry and Managing Director of Godiva Mortgages, said:  "These deals show the Coventry continuing to offer real value to customers and we expect this new range to be very well received."

"To give customers more choice we have launched Fixed, Tracker and Flexx products, as well as offering a variety of different LTV levels and arrangement fee options.  This means that more people can take advantage of our very competitive pricing."

Customers wishing to apply for any of the Coventry's mortgages should visit thecoventry.co.uk.