Key features are:
- 4.89% Capped until 31 May 2009 with +0.75% base rate tracker for term (current applied rate 4.89%)
- Early repayment charges: 2.50% of balance to 31 May 2009
- Option to repay 5.00% per annum without penalty
- 4.99% Flexx Capped until 31 May 2009 with +0.75% base rate tracker for term (current applied rate 4.99%)
-ß No early repayment charges
Both products are available for first time buyers, house movers or remortgagors and offer a free valuation and free legal fees for remortgagors. A £350 arrangement fee (added on completion) and £199 booking fee are payable.
Julie Jones, Head of Intermediary Sales at the Coventry said: “Following the success of the capped rate we introduced in March, we believe these two new products will be as popular with our introducers and their clients. Both are competitively priced at a best buy 4.89% and an ERC free 4.99% with an unlimited overpayment facility.”
