Coventry BS launch new mortgage range

The Coventry Building Society has announced new rates for its five-year fixed rate, offset, buy-to-let and tracker mortgage range.

The new rates are available from today (Wednesday April 4th) and are available to borrowers with a loan-to-value ratio (LTV) of 65 per cent.

Coventry BS’s five-year fixed rate mortgage is available at a rate of 3.99 per cent with a £199 booking fee and an £800 arrangement fee. The product is also available without the £800 fee but comes with a higher rate of 4.19 per cent.

Similarly, its five-year bank base rate tracker product follows the Bank of England base rate, currently at 0.50 per cent, plus three per cent with a £199 booking fee and an £800 arrangement fee. The same deal is available without the £800 arrangement fee but tracks base rate plus 3.50 per cent.

The Coventry’s offset Flexx for Term product charges 4.35 per cent for the term and has a £199 booking fee but no arrangement fee and no early repayment charges.

Its new buy-to-let product has a 4.49 per cent fixed rate until 30th June 2014 and has a £250 booking fee but no arrangement fee.

Colin Franklin, Sales and Marketing Director from the Coventry Building Society, said: "With a range of fee options and LTVs up to 85%, our new range has something for everyone. So whether borrowers are looking for a great rate on a buy to let, a base rate tracker or a fixed rate with no arrangement fee, we are confident that they will find what they are looking for at the Coventry".

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