Coventry launches unique fix

These products give borrowers the chance to protect themselves from any increases in interest rates, and potentially shed years from their mortgage.

The products are;

• 3.99% 2 Year Flexx Fixed Rate (30.06.12), loan to value 65%
• 4.49% 3 Year Flexx Fixed Rate (30.06.13), loan to value 75%

The Coventry has also refreshed its range of residential mortgage products, with rates starting as low as 3.50%. All of the society's residential mortgages include one valuation up to £650, as well as a legal package for those wishing to remortgage.

Colin Franklin, sales and marketing director at Coventry, said: "With interest rates at a historic low, many people are using this opportunity to overpay on their mortgage, and in some cases, become mortgage free many years earlier than they expected. We've designed our flexx fixed range to allow them to continue doing this whilst benefiting from the security a fixed rate product offers."