Coventry Building Society launches new market leading range of 85% LTV Residential mortgages and cuts rates for first time buyers to 4.99%

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Coventry Building Society has launched a new, market leading range of 85% LTV Residential and Offset mortgages with 2 year fixed rates starting from 4.33%.

Coventry Building Society has launched a new, market leading range of 85% LTV Residential and Offset mortgages with 2 year fixed rates starting from 4.33%. Available from Friday 24th August highlights include;

Residential 2 Year Fixed Mortgages

  • 4.33%, 2 Year Fixed Rate until 30.09.14, 85% LTV, £199 booking fee with £800 arrangement fee.
  • 4.53%, 2 Year Fixed Rate until 30.09.14, 85% LTV, £199 booking fee and no arrangement fee.

Offset Flexx for Term Mortgage

  • 4.49%, Flexx for term, 80% LTV, £199 booking fee and no arrangement fee.

First Time Buyer Mortgage

  • 4.99% (reduced from 5.19%), 5 Year Fixed Rate until 30.09.17, 90% LTV, £199 booking fee, no arrangement fee and £500 IKEA vouchers.

Colin Franklin, Sales and Marketing Director, Coventry Building Society, said: “We are delighted to extend our range of Residential and Offset mortgages up to 85% LTV. With a choice of fee structures, borrowers can now enjoy the benefits of our fantastic Residential and Offset 2 year fixed rate mortgages.

"We are also pleased to reduce the rate on our members’ first time buyer product to a best buy rate of 4.99% down from 5.19%. This 5 year fixed rate comes with a range of popular features including a £500 IKEA voucher, no arrangement fee and is available up to 90% LTV. All this plus our popular Offset Flexx for Term mortgage at 4.49%. With no ERC’s and unlimited overpayments, we expect this mortgage to be popular with borrowers looking for ultimate flexibility. And don’t forget, all of our residential and offset mortgages include a valuation up to £670 and a legal package for remortgages. As always, there is something for everyone at the Coventry”.

Full details of the new products are attached.
Customers wishing to apply for any of the Coventry’s mortgages should telephone the Customer Service Centre on 0845 7665522, log on at coventrybuildingsociety.co.uk or visit any of the Coventry ’s 70 branches.

*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.

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