Coventry rolls out four new residential products

Coventry Intermediaries has launched new residential mortgage products including a 2-year fixed rate from 2.09 per cent at 65 per cent loan-to-value with no arrangement fees, available from today.

Four new deals are available, two of which are fixed rates. A fixed rate of 2.09 per cent until the end of 2015 has a £199 booking fee and no arrangement fee.

A higher fixed rate of 2.99 per cent until the end of 2018 has a £199 booking fee and a £300 arrangement fee. Both deals have early repayment charges payable until the end of the term.

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Coventry also has a 2.09 per cent Flexx for Term variable rate and a 2.99 per cent variable rate offset Flexx for Term. Both are available at 65 per cent LTV, with £199 booking fee, £300 arrangement fee with no early repayment charges.

Colin Franklin, managing director at Godiva Mortgages, said: “We have some new, low fee options available up to 65 per cent LTV including some great Offset products.

“We have a 2-year fixed rate at 2.09 per cent with no arrangement fee and a 5-year fixed option at 2.99 per cent with a low fee of just £300.

“For borrowers looking for the flexibility of no ERCs and unlimited overpayments, our Flexx for Term, with a great rate of 2.09 per cent, is also available with an arrangement fee of just £300. And, as always, all products include a valuation up to £670 and access to our remortgage transfer service.”