The Coventry, the fifth largest building society in the UK, will release the product on Friday 29 July 2005.
The product has a fixed rate of 4.85 per cent until 30 September 2010, followed by +0.75 per cent Bank of England Base Rate tracker for the term of the mortgage and is available for loans of up to 95 per cent loan to value. The product has no early repayment charges.
Full product details are below.
Interest rate – 4.85%
Loan to value – 95%
Daily interest
Flexible features
Free valuation
Free legal fees for remortgagors
No early repayment charges
£199 booking fee (payable on application)
£350 arrangement fee (added on completion)
