Mar 27, 2012
Coventry Building Society is launching a new range of Offset and Buy to Let products with flat fees, ideal for borrowers who requiring a larger loan.
The new range, which is available from March 27, includes the following highlights;
Offset Flexx for Term – 65% LTV
3.49% Flexx for Term, £199 booking fee, £1,800 arrangement fee with no early repayment charges.
3.69% Flexx for Term, £199 booking fee, £1,300 arrangement fee with no early repayment charges.
Buy to Let Mortgages – 65% LTV
3.75% Fixed Rate until 31.03.2014, £250 booking fee with £2,249 arrangement fee.
3.99% Fixed Rate until 31.03.2014, £250 booking fee with £1,749 arrangement fee.
4.25% Fixed Rate until 31.03.2014, £250 booking fee with £999 arrangement fee.
Colin Franklin, Sales and Marketing Director, Coventry Building Society, said: “This week we are launching a range of products ideal for those requiring a larger loan but still want a great rate.
“The fees attached to mortgage products are often perceived as something to avoid, but in some cases you can save money on your mortgage by paying a flat fee and getting a lower interest rate in return. So borrowers requiring larger mortgages may be better off with a flat fee rather than a percentage fee.
“Our new Flexx for term range offers fantastic value with low rates from 3.49% and with no early repayment charges. Borrowers also have the flexibility to choose from a range of fee options to suit them. All products include a valuation up to the value of £670 for Offset or £700 for BTL loans and a legal package for those remortgaging to us.
“We plan to launch more great products in the coming weeks, so keep your eyes peeled for the Coventry.”