Coventry slashes residential remortgage rates

Thursday, 04 March 2010 12:00

Coventry Building Society has announced it is to reduce the rates on its range of residential remortgage products.

The lender also revealed that it is to launch a new fixed-rate deal offering consumers unlimited overpayments without penalty.

Customers can now take advantage of a two-year fixed-rate residential mortgage with a rate of 4.99 per cent up to 85 per cent loan-to-value (LTV) with £199 in fees.

The 65 per cent LTV mortgage now comes with a 3.99 per cent rate and offers unlimited overpayments without penalty.

Consumers can also take advantage of a rate of 3.5 per cent for a 65 per cent LTV residential mortgage.

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• fixed rate mortgage
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• remortgage