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Coventry Building Society Launches New Range Including A 2.99% Fixed Rate For 4 Years

LONDON, November 30, 2012 /PRNewswire/ --

Coventry Building Society's new range includes 2 year fixed rates from 2.59% with low arrangement fees and a 5 year Flexx Fixed rate at 3.99% available up to 85% loan to value (LTV). This competitive range also includes a legal and valuation package for remortgages. Available from Friday 30 th November, highlights include;

  2 Year Fixed Mortgage  

  • 2.59% 2 Year Fixed Rate until 31.12.14, 65% LTV £199 booking fee with £300 arrangement fee and ERCs of 3% of balance until 31.12.14.    

4 Year Fixed Mortgage

  • 2.99% 4 Year Fixed Rate until 31.12.16, 65% LTV, £199 booking fee with £800 arrangement fee and ERCs of 3% of the balance to 31.12.16  

5 Year Flexx Fixed

  • 3.99% 5 Year Flexx Fixed until 31.12.17, 85% LTV, £199 booking fee with £800  arrangement fee and no ERC's.

The new range also includes a choice of highly competitive BTL products including, 2 year fixed rates from 3.29% and 2 year Flexx Fixed from 3.49%. Full details of the new range are attached.

Colin Franklin, Sales and Marketing Director, Coventry Building Society, said: "Many borrowers want the security of a competitive fixed rate without having to pay a large arrangement fee. Our 2 year fixed rate at 2.59% with an arrangement fee of just £300 is ideal. We also expect our 4 year fixed rate at just 2.99% to be very popular with borrowers looking to lock into a fantastic low rate for a longer period. And for those looking for more flexibility, we have launched a highly competitive Flexx for Term at 3.99% available up to 85% LTV with no early repayment charges (ERCs). And don't forget, all products include a valuation up to £670 (£700 for BTL) and access to our remortgage transfer service, so borrowers need to act now and make sure they don't miss out".  

                                  The
                                  overall
                                  cost for
                          Current comparison         Fees and
    Coventry BS           Rate    is         Max LTV incentives         ERC
    Residential
                                                     Booking Fee:
    2.59% Fixed to                                   GBP199
    31.12.14
                                                     Arrangement Fee:
    Followed by Standard                             GBP300
    Variable rate to
    31.12.17, currently                              Valuation up to
    at 4.74%. Followed by                            GBP670 included   3% of
    Privilege rate for                                                  the
    the remainder of the                             Remortgage       balance
    mortgage, currently                              Transfer Service    to
    4.49%                 2.59%   4.4% APR   65%     included         31.12.14
    Residential
 
    3.85% Fixed to                                   Booking Fee:
    31.12.14                                         GBP199
 
    Followed by Standard                             Arrangement Fee:
    Variable rate to                                 GBP800
    31.12.17, currently
    at 4.74%. Followed by                            Valuation up to
    Privilege rate for                               GBP670 included   3% of
    the remainder of the                                                the
    mortgage, currently                              Remortgage       balance
    4.49%                                            Transfer Service    to
                          3.85%   4.7% APR   85%     included         31.12.14
    Residential
                                                     Booking Fee:
    3.99% Fixed to                                   GBP199
    31.12.14
                                                     Arrangement Fee:
    Followed by Standard                             None
    Variable rate to
    31.12.17, currently                              Valuation up to
    at 4.74%. Followed by                            GBP670 included   3% of
    Privilege rate for                                                  the
    the remainder of the                             Remortgage       balance
    mortgage, currently                              Transfer Service    to
    4.49%                 3.99%   4.6% APR   85%     included         31.12.14
    Residential
                                                     Booking Fee:
    2.99% Fixed to                                   GBP199
    31.12.16
                                                     Arrangement Fee:
    Followed by Standard                             GBP800
    Variable rate to
    31.12.17, currently                              Valuation up to
    at 4.74%. Followed by                            GBP670 included   3% of
    Privilege rate for                                                  the
    the remainder of the                             Remortgage       balance
    mortgage, currently                              Transfer Service    to
    4.49%                 2.99%   4.2% APR   65%     included         31.12.16
                                                     Booking Fee:
                                                     GBP199
 
                                                     Arrangement Fee:
    Residential                                      GBP800
 
    3.39% Flexx Fixed to                             Valuation up to
    31.12.17 Followed by                             GBP670 included
    Privilege rate for
    the remainder of the                             Remortgage
    mortgage, currently                              Transfer Service
    4.49%                 3.39%   4.2% APR   65%     included           None
                                                     Booking Fee:
                                                     GBP199
 
                                                     Arrangement Fee:
    Residential                                      GBP800
 
    3.99% Flexx Fixed to                             Valuation up to
    31.12.17 Followed by                             GBP670 included
    Privilege rate for
    the remainder of the                             Remortgage
    mortgage, currently                              Transfer Service
    4.49%                 3.99%   4.5% APR   85%     included           None
                                                     Booking Fee:
                                                     GBP199
 
                                                     Arrangement Fee:
                                                     None
 
                                                     Valuation up to
                                                     GBP670 included
 
    Residential                                      Remortgage
                                                     Transfer Service
    Flexx for Term        3.39%   3.5% APR   65%     included           None
                                                     Booking Fee:
                                                     GBP199
 
                                                     Arrangement Fee:
                                                     None
 
                                                     Valuation up to
                                                     GBP670 included
 
    Residential                                      Remortgage
                                                     Transfer Service
    Flexx for Term        3.99%   4.1% APR   85%     included           None
                                                     Booking Fee:
                                                     GBP250
 
    Buy to Let                                       Arrangement Fee:
                                                     GBP1,749
    3.29% Fixed to
    31.01.15                                         Valuation up to
                                                     GBP700 included   3% of
    Followed by Standard                                                the
    Variable rate for the                            Remortgage       balance
    remainder of the                                 Transfer Service    to
    mortgage at 4.74%.    3.29%   4.8% APR   65%     included         31.01.15
                                                     Booking Fee:
                                                     GBP250
 
    Buy to Let                                       Arrangement Fee:
                                                     GBP749
    3.49% Fixed to
    31.01.15                                         Valuation up to
                                                     GBP700 included   3% of
    Followed by Standard                                                the
    Variable rate for the                            Remortgage       balance
    remainder of the                                 Transfer Service    to
    mortgage at 4.74%.    3.49%   4.7% APR   65%     included         31.01.15
                                                     Booking Fee:
                                                     GBP250
 
    Buy to Let                                       Arrangement Fee:
                                                     None
    3.99% Fixed to
    31.01.15                                         Valuation up to
                                                     GBP700 included   3% of
    Followed by Standard                                                the
    Variable rate for the                            Remortgage       balance
    remainder of the                                 Transfer Service    to
    mortgage at 4.74%.    3.99%   4.8% APR   65%     included         31.01.15
                                                     Booking Fee:
                                                     GBP250
    Buy to Let
                                                     Arrangement Fee:
    3.75% Fixed to                                   GBP1,749
    31.01.15
                                                     Valuation up to
    Followed by Standard                             GBP700 included   3% of
    Variable rate for the                                               the
    remainder of the                                 Remortgage       balance
    mortgage at 4.74%.                               Transfer Service    to
                          3.75%   4.8% APR   70%     included         31.01.15
                                                     Booking Fee:
                                                     GBP250
 
    Buy to Let                                       Arrangement Fee:
                                                     GBP1,749
    3.85% Fixed to
    31.01.15                                         Valuation up to
                                                     GBP700 included   3% of
    Followed by Standard                                                the
    Variable rate for the                            Remortgage       balance
    remainder of the                                 Transfer Service    to
    mortgage at 4.74%.    3.85%   4.9% APR   75%     included         31.01.15
                                                     Booking Fee:
                                                     GBP250
 
    Buy to Let                                       Arrangement Fee:
                                                     GBP1,749
    3.49% Flexx Fixed to
    31.01.15                                         Valuation up to
                                                     GBP700 included
    Followed by Standard
    Variable rate for the                            Remortgage
    remainder of the                                 Transfer Service
    mortgage at 4.74%.    3.49%   4.8% APR   65%     included           None
                                                     Booking Fee:
                                                     GBP250
 
    Buy to Let                                       Arrangement Fee:
                                                     GBP749
    3.69% Flexx Fixed to
    31.01.15                                         Valuation up to
                                                     GBP700 included
    Followed by Standard
    Variable rate for the                            Remortgage
    remainder of the                                 Transfer Service
    mortgage at 4.74%.    3.69%   4.8% APR   65%     included           None
                                                     Booking Fee:
                                                     GBP250
 
    Buy to Let                                       Arrangement Fee:
                                                     None
    4.19% Flexx Fixed to
    31.01.15                                         Valuation up to
                                                     GBP700 included
    Followed by Standard
    Variable rate for the                            Remortgage
    remainder of the                                 Transfer Service
    mortgage at 4.74%.    4.19%   4.8% APR   65%     included           None
                                                     Booking Fee:
                                                     GBP250
 
                                                     Arrangement Fee:
    Buy to Let                                       GBP1,749
 
    3.99% Flexx Fixed to                             Valuation up to
    31.01.15 Followed by                             GBP700 included
    Standard Variable
    rate for the                                     Remortgage
    remainder of the                                 Transfer Service
    mortgage at 4.74%.    3.99%   4.9% APR   70%     included           None
                                                     Booking Fee:
                                                     GBP250
 
                                                     Arrangement Fee:
    Buy to Let                                       GBP1,749
 
    4.49% Flexx Fixed to                             Valuation up to
    31.01.15 Followed by                             GBP700 included
    Standard Variable
    rate for the                                     Remortgage
    remainder of the                                 Transfer Service
    mortgage at 4.74%.    4.49%   5.0% APR   75%     included           None
                                                     Booking Fee:
                                                     GBP250
 
                                                     Arrangement Fee:
                                                     GBP749
 
                                                     Valuation up to
                                                     GBP700 included
 
    Buy to Let                                       Remortgage
                                                     Transfer Service
    Flexx for Term        3.99%   4.2% APR   65%     included           None
                                                     Booking Fee:
                                                     GBP250
 
                                                     Arrangement Fee:
                                                     GBP1,749
 
                                                     Valuation up to
                                                     GBP700 included
 
    Buy to Let                                       Remortgage
                                                     Transfer Service
    Flexx for Term        4.35%   4.35% APR    75%   included           None

Customers wishing to apply for any of the Coventry's mortgages should telephone the Customer Service Centre on 0845 7665522, log on at coventrybuildingsociety.co.uk or visit any of the Coventry 's 70 branches.

Our Customer Service Centre is open seven days a week, and our advisors are available Monday to Friday 8am-8pm, Saturday 9am-5pm and Sunday 10am-4pm. Our 24 hour self-service telephone option is also available 24 hours a day, 365 days a year.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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