Coventry Intermediaries Announces Extended Range with 2 Year Fixed Rates Starting From 2.15% and Has Cut Rates on Selected Residential and Buy to Let Products

LONDON, UNITED KINGDOM--(Marketwired - Sep 19, 2013) - Coventry Intermediaries announces extended range of 2 and 5 year fixed rates and cut rates by up to 0.30% on selected products. Available from Thursday 19th September highlights include;

Residential

  • 2.15% Fixed Rate until 31.12.15, 65% LTV £199 booking fee, £800 arrangement fee and early repayment charges (ERCs) payable to 31.12.15.
  • 4.29% Fixed Rate until 31.12.15, 90% LTV £199 booking fee with no arrangement fee and ERCs payable to 31.12.15.
  • 2.65% (reduced from 2.90%) Flexx for Term, 75% LTV, £199 booking fee, £800 arrangement fee with no ERCs.

Buy to Let

  • 3.29% (reduced from 3.49%) Fixed Rate until 31.10.15, 65% LTV £199 booking fee, £1749 arrangement fee and ERCs payable to 31.10.15.
  • 4.15% Fixed Rate until 31.10.15, 75% LTV £250 booking fee, £250 arrangement fee and ERCs payable to 31.10.15.
  • 3.49% (reduced from 3.79%) Flexx for Term, 65% LTV £250 booking fee, £749 arrangement fee and no ERCs.

Colin Franklin, Managing Director, Godiva Mortgages, said: "Our highly competitive range has just got even better. We have extended the term on all 2 and 5 year fixed rates by 3 months, so borrowers can enjoy the security of a great rate for even longer. Buy to Let investors aren't missing out either, as we have cut rates on selected products including our popular Flexx for Term option which has been reduced from 3.79% down to 3.49%. And for investors looking for low up front fees, our new 4.15%, 2 year fixed rate, available up to 75% LTV with arrangement fees of just £250 is ideal. And don't forget, as always, all products include a valuation up to £670 (£700 on BTL products) 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 Booking Fee: £199
2.15% Fixed to 31.12.15 Arrangement Fee: ERCs
Followed by Standard £800
Variable Rate to 31.12.18, 2.15% 4.3% APR 65% Valuation up to £670 payable to
currently 4.74%. Followed by included 31.12.15,
Privilege Rate for the Remortgage Transfer see below
remainder of the mortgage, Service included for details
currently at 4.49%
Residential Booking Fee: £199
2.45% Fixed to 31.12.15 Arrangement Fee: ERCs
Followed by Standard None
Variable Rate to 31.12.18, 2.45% 4.3% APR 65% Valuation up to £670 payable to
currently 4.74%. Followed by included 31.12.15,
Privilege Rate for the Remortgage Transfer see below
remainder of the mortgage, Service included for details
currently at 4.49%
Residential Booking Fee: £199
2.35% Fixed to 31.12.15 Arrangement Fee: ERCs
Followed by Standard £800
Variable Rate to 31.12.18, 2.35% 4.3% APR 75% Valuation up to £670 payable to
currently 4.74%. Followed by included 31.12.15,
Privilege Rate for the Remortgage Transfer see below
remainder of the mortgage, Service included for details
currently at 4.49%
Residential Booking Fee: £199
2.65% Fixed to 31.12.15 Arrangement Fee: ERCs
Followed by Standard None
Variable Rate to 31.12.18, 2.65% 4.3% APR 75% Valuation up to £670 payable to
currently 4.74%. Followed by included 31.12.15,
Privilege Rate for the Remortgage Transfer see below
remainder of the mortgage, Service included for details
currently at 4.49%
Coventry BS Current The overall Max Fees and ERC
Rate cost for LTV incentives
comparison
is
Residential Booking Fee: £199
3.19% Fixed to 31.12.15 Arrangement Fee: ERCs
Followed by Standard None
Variable Rate to 31.12.18, 3.19% 4.4% APR 80% Valuation up to £670 payable to
currently 4.74%. Followed by included 31.12.15,
Privilege Rate for the Remortgage Transfer see below
remainder of the mortgage, Service included for details
currently at 4.49%
Residential Booking Fee: £199
3.05% Fixed to 31.12.15 Arrangement Fee: ERCs
Followed by Standard £800
Variable Rate to 31.12.18, 3.05% 4.5% APR 85% Valuation up to £670 payable to
currently 4.74%. Followed by included 31.12.15,
Privilege Rate for the Remortgage Transfer see below
remainder of the mortgage, Service included for details
currently at 4.49%
Residential Booking Fee: £199
3.35% Fixed to 31.12.15 Arrangement Fee: ERCs
Followed by Standard None
Variable Rate to 31.12.18, 3.35% 4.4% APR 85% Valuation up to £670 payable to
currently 4.74%. Followed by included 31.12.15,
Privilege Rate for the Remortgage Transfer see below
remainder of the mortgage, Service included for details
currently at 4.49%
Residential Booking Fee: £199
4.29% Fixed to 31.12.15 Arrangement Fee: ERCs
Followed by Standard None
Variable Rate to 31.12.18, 4.29% 4.6% APR 90% Valuation up to £670 payable to
currently 4.74%. Followed by included 31.12.15,
Privilege Rate for the Remortgage Transfer see below
remainder of the mortgage, Service included for details
currently at 4.49%
Residential Booking Fee: £199
Arrangement Fee: ERCs
4.05% Fixed to 31.12.18 4.05% 4.5% APR 85% £800 payable to
Followed by Privilege Rate for Valuation up to £670 31.12.18,
the remainder of the included see below
mortgage, currently at 4.49% Remortgage Transfer for details
Service included
Coventry BS Current The overall Max Fees and ERC
Rate cost for LTV incentives
comparison
is
Residential Booking Fee: £199
4.65% Fixed to 31.12.18 Arrangement Fee: ERCs
Followed by Privilege Rate for 4.65% 4.8% 90% £800 payable to
the remainder of the Valuation up to £670 31.12.18,
mortgage, currently at 4.49% included see below
Remortgage Transfer for details
Service included
Residential Booking Fee: £199
Arrangement Fee: ERCs
4.75% Fixed to 31.12.18 4.75% 4.7% 90% None payable to
Followed by Privilege Rate for Valuation up to £670 31.12.18,
the remainder of the included see below
mortgage, currently at 4.49% Remortgage Transfer for details
Service included
Residential Booking Fee: £199
Arrangement Fee:
Flexx for Term 2.45% 2.6% 65% £800
Variable rate for the term of Valuation up to £670 None
the mortgage. included
Remortgage Transfer
Service included
Residential Booking Fee: £199
Arrangement Fee:
Flexx for Term 2.65% 2.8% 75% £800
Variable rate for the term of Valuation up to £670 None
the mortgage. included
Remortgage Transfer
Service included
Buy to Let Booking Fee: £250
3.29% Fixed to 31.10.15 Arrangement Fee: ERCs
Followed by Standard 3.29% 4.7% 65% £1,749 payable to
Variable Rate for the Valuation up to £700 31.10.15,
remainder of the mortgage, included see below
currently 4.74%. Remortgage Transfer for details
Service included
Buy to Let Booking Fee: £250
3.79% Fixed to 31.10.15 Arrangement Fee: ERCs
Followed by Standard 3.79% 4.7% 65% £250 payable to
Variable Rate for the Valuation up to £700 31.10.15,
remainder of the mortgage, included see below
currently 4.74%. Remortgage Transfer for details
Service included
Coventry BS Current The overall Max Fees and ERC
Rate cost for LTV incentives
comparison
is
Buy to Let Booking Fee: £250
4.15% Fixed to 31.10.15 Arrangement Fee: ERCs
Followed by Standard 4.15% 4.8% 75% £250 payable to
Variable Rate for the Valuation up to £700 31.10.15,
remainder of the mortgage, included see below
currently 4.74%. Remortgage Transfer for details
Service included
Buy to Let Booking Fee: £250
4.69% Fixed to 31.10.18 Arrangement Fee: ERCs
Followed by Standard 4.69% 4.9% 65% £250 payable to
Variable Rate for the Valuation up to £700 31.10.18,
remainder of the mortgage, included see below
currently 4.74%. Remortgage Transfer for details
Service included
Buy to Let Booking Fee: £250
4.99% Fixed to 31.10.18 Arrangement Fee: ERCs
Followed by Standard 4.99% 5.0% 70% £250 payable to
Variable Rate for the Valuation up to £700 31.10.18,
remainder of the mortgage, included see below
currently 4.74%. Remortgage Transfer for details
Service included
Buy to Let Booking Fee: £250
Arrangement Fee:
Flexx for Term 3.49% 3.6% 65% £749
Variable rate for the term of Valuation up to £700 None
the mortgage. included
Remortgage Transfer
Service included

Residential ERCs:

2 year fixed product ERCs: 3% until 31.12.14 then 1% until 31.12.15

5 year fixed product ERCs: 5% until 31.12.15, 3% until 31.12.17 then 1% until 31.12.18

Buy to Let ERCs:

2 year fixed product ERCs: 3% until 31.10.14 then 1% until 31.10.15

5 year fixed product ECRs: 5% until 31.10.15, 3% until 31.10.17 then 1% until 31.10.18

For more information mortgage introducers should telephone the central intermediary support team on 0845 757 3612 (available Monday to Friday, 9.00am to 5.00pm) or log onto www.coventryintermediaries.co.uk.

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

For more information or additional comment please contact: the press office on 0870 607 7727 or email media@thecoventry.co.uk. We monitor and record phone calls.