Fixed-rate mortgages reduced by Coventry

Friday, 06 August 2010 12:00

Coventry has announced it has slashed rates on two fixed-rate mortgage deals.

The cuts include a reduced rate of 3.05 per cent on a previously-priced 3.15 per cent rate for two years, as well as a reduction to 3.75 per cent from 3.99 per cent for three years.

Product details include a legal package for people looking to remortgage and a valuation up to £650.

Sales and marketing director at the organisation Colin Franklin said the company is delighted to offer the new deals.

"We expect these to be very popular so borrowers need to act now to avoid missing out," he advised.

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