Three new products launched are as follows:
• 1.06% discount (applied rate 4.48%) to 31 August 2006
• 4.49% Flexx (with guarantee to be no more than SVR)
• 4.95% Flexx (with guarantee to be no more than 2% above base rate)
“These highly competitive products have been designed specifically for those borrowers who are self employed, freelance, contract and those who receive a significant portion of their income in commission or bonuses,” said Mark Murphy, general manager marketing at the Coventry.
“We hope that these new products will be a successful addition to our mortgage portfolio and will make life easier for the increasing number of borrowers who need to self certify their income when applying for a mortgage” he added.
