Highlights of the new products include:
Coventry Residential
• 3.99% Fixed until 30.06.14, 65% loan to value
• 4.69% Fixed until 30.06.16, 65% loan to value
• 2.79% Flexx for Term, 65% loan to value
Godiva Buy to Let
• 4.75% Fixed until 30.06.14, 65% loan to value
• 3.99% Flexx for Term, 65% loan to value
Commenting, Ray Boulger from John Charcol said: "Yet again Coventry has shown why it has one of the best reputations in the intermediary market. Today's new product range includes some very competitive fixed rates and great ERC free Flexx for term deals.
“Although I generally prefer variable rates to be linked to an external reference rate, e.g. Bank Rate, Coventry has established a reputation for being very fair with its Flexx pricing and with very few BTL deals being ERC free the 3.99% Flexx rate for borrowers wanting up to 65% LTV offers a combination of an excellent rate, a reasonable flat rate fee, no ERCs and a free valuation, plus free legal fees for remortgages. In addition the 3 year 4.75% BTL fixed rate to 65% LTV is market leading and these products should prove very popular with brokers and their clients."
Colin Franklin, managing director of Godiva Mortgages, said: “With households feeling the squeeze of inflation and a potential rise in interest rates on the horizon, many borrowers are looking to fix their largest outgoing monthly payment. Our 3 and 5 year fixed deals are perfect. Not only do they offer peace of mind with regular, affordable repayments but with a valuation included in the price, these products offer fantastic value. For borrowers who want more flexibility - our Flexx for Term with no ERC’s is ideal. We are confident that brokers will be able to find the right mortgage for their client at the Coventry.”
