Coventry introduces new discounted mortgages

Key features of the new highly competitive products are:

- 1.64% Flexx Discount (off SVR) to 31/12/06

- Current applied rate 3.90%

- Free valuation and free remortgage transfer service

- No arrangement fee

- No early redemption charges

- £199 booking fee

- 2.55% discount (off SVR) to 31 12 06 (then 0.25% discount to 31 12 08)

- Current applied rate 2.99%

- Free valuation and free remortgage transfer service

- No arrangement fee

- Early redemption charges – 3% to 31/12/06; 2% to 31/12/08

- Option to repay 5% pa without penalty

- £199 booking fee

Customers wishing to apply can telephone the Customer Service Centre on 0845 7665522, visit any of the Coventry’s 50 branches or apply online at www.coventrybuildingsociety.co.uk.