The range to be launched consists of a 3-year tracker at +2.15% above bank base rate available at 75% loan to value, two 2-year capped trackers at 2.15% and 2.35% with and without an arrangement fee respectively available at 65% LTV and a 3.99% Flexx for Term, 85% LTV product with no ERCs and no arrangement fee.
Colin Franklin, managing director at Godiva Mortgages, said: "During the first half of this year we have lent more than £1.9bn in gross advances, accounting for 19% of all mutual lending in the U.K.
“We are keen to build on this success with a fantastic new range of products, including a market leading capped tracker at +2.15%.
“So whatever borrowers are looking for, whether it is the security of a cap whilst enjoying the benefit of the current low base rate; an offset base rate tracker or our Flexx for Term offering the flexibility of unlimited overpayments and no ERCs; there is something for everyone in our exciting new range.”
