MortgagesOct 7 2014

Coventry updates residential mortgage range

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Coventry Building Society has launched a new residential range, including fixed rate, Flexx for Term and base rate tracker options.

Available from today (7 October), the range includes: a 1.65 per cent bank base rate tracker until the end of 2016, at 65 per cent loan-to-value with a £199 booking fee, £800 arrangement fee and early repayment charges payable to 31 December 2016.

The flexible for term deal is at 1.89 per cent with a variable rate, 65 per cent LTV, a £199 booking fee, £300 arrangement fee and no early repayment charges, while the 1.99 per cent fixed rate offer is at 65 per cent LTV with a £199 booking fee, £300 arrangement fee and early repayment charges payable to the end of 2016.

Finally, the lender also has a 1.99 per cent offset fixed rate deal at 65 per cent LTV, with a £199 booking fee, £800 arrangement fee and early repayment charges payable to the end of 2016.

Darin Landon, distribution director for Coventry Building Society, said: “With rates starting from just 1.65 per cent and selected mortgages with no arrangement fees, our new range should be very popular.

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

peter.walker@ft.com