MortgagesJul 3 2014

Coventry offers variable rate deal with no ERCs

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Coventry Intermediaries has launched a new mortgage range including two and five-year fixed rates and base rate tracker options.

With a selection of fee structures and loan-to-values, the new range was made available yesterday (2 July).

There is a 1.75 per cent base rate tracker, at base rate plus 1.25 per cent, at 65 per cent loan-to-value with a £199 booking fee, £800 arrangement fee and early repayment charges payable until 30 September 2016.

There is also a 2.19 per cent fixed rate at 65 per cent LTV with a £199 booking fee, £300 arrangement fee and ERCs payable until 30 September 2016.

The 2.29 per cent ‘flexx for term’ deal has a variable rate, is limited to 65 per cent LTV and has a £199 booking fee, £300 arrangement fee and no ERCs.

Fixed rates start from 3.05 per cent.

All residential products include a valuation up to £670 and access to the remortgage transfer service.

Colin Franklin, managing director of Godiva Mortgages, said: “It is business as usual here at the Coventry, and our new range includes some highly competitive and best buy options.

“So whether borrowers are looking for the security of a fixed rate or a low base rate tracker, there is something for everyone.

“Our ‘flexx for term’ option at 2.29 per cent is perfect for those looking for the flexibility of unlimited overpayments with no ERCs and a best buy rate.”