Residential remortgage rates cut by Coventry

Coventry Building Society has announced that it is to reduce the rates on its Residential Remortgage range of products. Coventry has also announced that it is launching a unique fixed rate deal, offering unlimited overpayments without penalty.

The new range will include: a 2 year fixed rate residential mortgage at 4.99%, £199 fees, available up to 85% Loan to Value; a 2 year fixed rate Residential mortgage at 3.99%, £999 fees, available up to 65% Loan to Value, offering unlimited overpayments without penalty; and a 3.50% 2 year fixed rate residential mortgage, £999 fees, available up to 65% Loan to Value. All of the Society’s Residential Remortgage packages also include one valuation up to £650, as well as a legal package for remortgagors.

Colin Franklin, Sales and Marketing Director at the Coventry and Managing Director of Godiva Mortgages, said:

“Our new range offers real value to borrowers looking to remortgage for a better deal. Brokers can be confident that by recommending a Coventry or Godiva product, they are putting their customers in safe hands.”