MortgagesAug 19 2014

Coventry updates 90% LTV range

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Coventry Intermediaries has launched a new residential mortgage range, with flexible and fixed rate options available at up to 90 per cent loan to value.

The new deals include a 3.95 per cent ‘flexx for term’ rate, with variable rate, 90 per cent LTV, £199 booking fee, £300 arrangement fee and no early repayment charges.

Alternatively there is a 4.05 per cent fixed until the end of September 2016, with 90 per cent LTV, £199 booking fee, £300 arrangement fee and ERCs payable to 30 September 2016.

Another new offer is the 4.15 per cent fixed rate until 30 September 2016, with 90 per cent LTV, £199 booking fee, no arrangement fee and ERCs payable to the end of September 2016.

Finally, there is a 4.65 per cent fixed rate until the end of September 2019, with 90 per cent LTV, £199 booking fee, £800 arrangement fee ERCs payable to 30 September 2019.

Colin Franklin, managing director of Coventry’s mortgage arm Godiva Mortgages, said the new range should be very popular with both first time buyers and those looking to remortgage.

“Whether borrowers are looking for the flexibility of unlimited overpayment with no ERCs, or the security of a fixed rate with no arrangement fees, our new 90 per cent range has something for everyone.

“And, as always, all residential products include a valuation up to £670 and access to our remortgage transfer service.”