The products have no early repayment charge and are priced as follows:
- 4.89 per cent Flexx with +0.39 per cent base rate tracker until 30 September 2009, up to 65 per cent loan to value (LTV)
- 5.05 per cent Flexx with +0.55 per cent base rate tracker until 30 September 2009, up to 85 per cent LTV
- 5.15 per cent Flexx with +0.65 per cent base rate tracker until 30 September 2011, up to 85 per cent LTV
All three products have the following features:-
• No early repayment charges
• Free valuation (up to £680)
• Free legal fees for remortgagors
• £250 booking fee (payable on application)
• £475 arrangement fee (added on completion)
• Daily interest
• Maximum three month payment break per year (by approval)
Julie Jones, head of intermediary sales at Coventry, said: “We launched our new range of buy-to-let trackers in May and they have already proved popular with advisers and their clients. We believe the newly priced range offers complete freedom and flexibility and will continue to appeal to customers with buy to let properties.”
