LONDON, UNITED KINGDOM--(Marketwired - Jul 15, 2013) -
This news release is for the use of journalists only.
Coventry Intermediaries has launched a highly competitive range including 2 and 5 year fixed residential and offset products. The new range offers low fee options, 2 and 5 year fixed deals and rates starting from as low as 2.45%. The range includes products up to 90% LTV, most notably a 5 year fixed offset at 4.75%. Available from Friday 12th July highlights include;
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2.45% 2 Year Fixed Rate until 30.09.15, 65% LTV £199 booking fee with no arrangement fee and early repayment charges payable (ERCs) to 30.09.15
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3.35% 2 Year Fixed Rate until 30.09.15, 85% LTV £199 booking fee with £800 arrangement fee and ERCs payable to 30.09.15
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4.85% 5 Year Fixed Rate until 30.09.18, 90% LTV £199 booking fee with no arrangement fee and ERCs payable to 30.09.18
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4.75%, Offset, 5 Year Fixed Rate until 30.09.18, 90% LTV £199 booking fee with £500 arrangement fee and ERCs payable to 30.09.18
Colin Franklin, Managing Director, Godiva Mortgages, said: "Available with a choice of fee structures and LTV's, borrowers can choose a rate and fee structure to suit their needs. We also have a new 5 year offset mortgage, fixed at 4.75% and available up to 90% LTV. This is ideal for borrowers who are looking to keep their initial costs down, but have the ability to make regular savings.
With so many highly competitive products available up to 90% LTV, we are confident that there is something for everyone in our new range. And as always, all products include a valuation up to £670 and access to our remortgage transfer service."
Full details of the new products are attached.
| Coventry BS | Current Rate | The overall cost for comparison is | Max LTV | Fees and incentives | ERC |
| Residential | 2.45% | 4.3% APR | 65% | Booking Fee: £199 | ERCs |
| 2.45% Fixed to 30.09.15 | Arrangement Fee: None | payable to | |||
| Followed by standard | Valuation up to £670 | 30.09.15, | |||
| variable rate 30.09.18, | included | see below | |||
| currently 4.74%. | Remortgage Transfer | for details | |||
| Followed by Privilege Rate for | Service included | ||||
| the remainder of the | |||||
| mortgage, currently at 4.49% | |||||
| Residential | 2.75% | 4.3% APR | 75% | Booking Fee: £199 | ERCs |
| 2.75% Fixed to 30.09.15 | Arrangement Fee: None | payable to | |||
| Followed by standard | Valuation up to £670 | 30.09.15, | |||
| variable rate 30.09.18, | included | see below | |||
| currently 4.74%. | Remortgage Transfer | for details | |||
| Followed by Privilege Rate for | Service included | ||||
| the remainder of the | |||||
| mortgage, currently at 4.49% | |||||
| Residential | 3.35% | 4.5% APR | 85% | Booking Fee: £199 | ERCs |
| 3.35% Fixed to 30.09.15 | Arrangement Fee: £800 | payable to | |||
| Followed by standard | Valuation up to £670 | 30.09.15, | |||
| variable rate 30.09.18, | included | see below | |||
| currently 4.74%. | Remortgage Transfer | for details | |||
| Followed by Privilege Rate for | Service included | ||||
| the remainder of the | |||||
| mortgage, currently at 4.49% | |||||
| Residential | 3.65% | 4.5% APR | 85% | Booking Fee: £199 | ERCs |
| 3.65% Fixed to 30.09.15 | Arrangement Fee: None | payable to | |||
| Followed by standard | Valuation up to £670 | 30.09.15, | |||
| variable rate 30.09.18, | included | see below | |||
| currently 4.74%. | Remortgage Transfer | for details | |||
| Followed by Privilege Rate for | Service included | ||||
| the remainder of the | |||||
| mortgage, currently at 4.49% | |||||
| Residential | 4.05% | 4.7% APR | 90% | Booking Fee: £199 | ERCs |
| 4.05% Fixed to 30.09.15 | Arrangement Fee: £800 | payable to | |||
| Followed by standard | Valuation up to £670 | 30.09.15, | |||
| variable rate 30.09.18, | included | see below | |||
| currently 4.74%. | Remortgage Transfer | for details | |||
| Followed by Privilege Rate for | Service included | ||||
| the remainder of the | |||||
| mortgage, currently at 4.49% | |||||
| Residential | 4.35% | 4.7% APR | 90% | Booking Fee: £199 | ERCs |
| 4.35% Fixed to 30.09.15 | Arrangement Fee: None | payable to | |||
| Followed by standard | Valuation up to £670 | 30.09.15, | |||
| variable rate 30.09.18, | included | see below | |||
| currently 4.74%. | Remortgage Transfer | for details | |||
| Followed by Privilege Rate for | Service included | ||||
| the remainder of the | |||||
| mortgage, currently at 4.49% | |||||
| Residential | 4.05% | 4.7% APR | 85% | Booking Fee: £199 | ERCs |
| 4.05% Fixed to 30.09.18 | Arrangement Fee: £800 | payable to | |||
| Followed by Privilege Rate for | Valuation up to £670 | 30.09.18, | |||
| the remainder of the | included | see below | |||
| mortgage, currently at 4.49% | Remortgage Transfer | for details | |||
| Service included | |||||
| Residential | 4.35% | 4.7% APR | 85% | Booking Fee: £199 | ERCs |
| 4.35% Fixed to 30.09.18 | Arrangement Fee: None | payable to | |||
| Followed by Privilege Rate for | Valuation up to £670 | 30.09.18, | |||
| the remainder of the | included | see below | |||
| mortgage, currently at 4.49% | Remortgage Transfer | for details | |||
| Service included | |||||
| Residential | 4.55% | 4.7% APR | 90% | Booking Fee: £199 | ERCs |
| 4.55% Fixed to 30.09.18 | Arrangement Fee: £800 | payable to | |||
| Followed by Privilege Rate for | Valuation up to £670 | 30.09.18, | |||
| the remainder of the | included | see below | |||
| mortgage, currently at 4.49% | Remortgage Transfer | for details | |||
| Service included | |||||
| Residential | 4.85% | 4.8% APR | 90% | Booking Fee: £199 | ERCs |
| 4.85% Fixed to 30.09.18 | Arrangement Fee: None | payable to | |||
| Followed by Privilege Rate for | Valuation up to £670 | 30.09.18, | |||
| the remainder of the | included | see below | |||
| mortgage, currently at 4.49% | Remortgage Transfer | for details | |||
| Service included | |||||
| Residential | 2.45% | 2.6% APR | 65% | Booking Fee: £199 | None |
| Flexx for Term | Arrangement Fee: £500 | ||||
| Valuation up to £670 | |||||
| included | |||||
| Remortgage Transfer | |||||
| Service included | |||||
| Residential | 2.75% | 2.9% APR | 75% | Booking Fee: £199 | None |
| Flexx for Term | Arrangement Fee: £500 | ||||
| Valuation up to £670 | |||||
| included | |||||
| Remortgage Transfer | |||||
| Service included | |||||
| Residential | 3.65% | 3.8% APR | 85% | Booking Fee: £199 | None |
| Flexx for Term | Arrangement Fee: £500 | ||||
| Valuation up to £670 | |||||
| included | |||||
| Remortgage Transfer | |||||
| Service included | |||||
| Offset | 2.55% | 4.3% APR | 65% | Booking Fee: £199 | ERCs |
| 2.55% Fixed to 30.09.15 | Arrangement Fee: £500 | payable to | |||
| Followed by standard | Valuation up to £670 | 30.09.15, | |||
| variable rate 30.09.18, | included | see below | |||
| currently 4.74%. | Remortgage Transfer | for details | |||
| Followed by Privilege Rate for | Service included | ||||
| the remainder of the | |||||
| mortgage, currently at 4.49% | |||||
| Offset | 3.75% | 4.6% APR | 85% | Booking Fee: £199 | ERCs |
| 3.75% Fixed to 30.09.15 | Arrangement Fee: £500 | payable to | |||
| Followed by standard | Valuation up to £670 | 30.09.15, | |||
| variable rate 30.09.18, | included | see below | |||
| currently 4.74%. | Remortgage Transfer | for details | |||
| Followed by Privilege Rate for | Service included | ||||
| the remainder of the | |||||
| mortgage, currently at 4.49% | |||||
| Offset | 4.25% | 4.6% APR | 85% | Booking Fee: £199 | ERCs |
| 4.25% Fixed to 30.09.18 | Arrangement Fee: £500 | payable to | |||
| Followed by Privilege Rate for | Valuation up to £670 | 30.09.18, | |||
| the remainder of the | included | see below | |||
| mortgage, currently at 4.49% | Remortgage Transfer | for details | |||
| Service included | |||||
| Offset | 4.75% | 4.8% APR | 90% | Booking Fee: £199 | ERCs |
| 4.75% Fixed to 30.09.18 | Arrangement Fee: £500 | payable to | |||
| Followed by Privilege Rate for | Valuation up to £670 | 30.09.18, | |||
| the remainder of the | included | see below | |||
| mortgage, currently at 4.49% | Remortgage Transfer | for details | |||
| Service included | |||||
| Offset | 2.75% | 2.9% APR | 65% | Booking Fee: £199 | None |
| Offset Flexx for Term | Arrangement Fee: £500 | ||||
| Valuation up to £670 | |||||
| included | |||||
| Remortgage Transfer | |||||
| Service included | |||||
| Offset | 3.65% | 3.8% APR | 85% | Booking Fee: £199 | None |
| Offset Flexx for Term | Arrangement Fee: £500 | ||||
| Valuation up to £670 | |||||
| included | |||||
| Remortgage Transfer | |||||
| Service included | |||||
| Members' First Time Buyer | 4.75% | 4.7% APR | 90% | Booking Fee: £199 | ERCs |
| 4.75% Fixed to 30.09.18 | Arrangement Fee: None | payable to | |||
| Followed by Privilege Rate for | Valuation up to £670 | 30.09.18, | |||
| the remainder of the | included | see below | |||
| mortgage, currently at 4.49% | £500 Ikea Gift Card | for details | |||
| (issued on completion) |
2 year fixed product ERCs: 3% until 30.09.14 then 1% until 30.09.15