The Society's standard variable mortgage rate will reduce from 6.84% to 5.34%. This rate change is effective from today for new customers and from 1 December 2008 for existing customers.
The Society's tracker mortgage rates will also reduce by 1.5% from 1 December 2008.
Customers wishing to apply for any of the Coventry's mortgages should telephone the Customer Service Centre on 0845 7665522, log on at www.thecoventry.co.uk or visit any of the Society's 48 branches.
