The product has been designed with stepped features to provide new home owners with an affordable payment plan over the first five years of the mortgage.
Key features of this highly competitive product, available up to 100% loan to value, are:
- 1.80% discount to 28 02 06 then 0.80% discount to 28 02 09
- Current applied rate 3.99%
- Rates discounted from SVR
- No mortgage indemnity guarantee
- No valuation fee
- No arrangement fee
- Option to repay 5% pa without penalty
- ERCs – 2.25% to 28 02 06; 1.00% to 28 02 09
- £199 booking fee
Two new fixed rate products have also been introduced for first time buyers.
Customers can apply by telephoning the Customer Service Centre on 0845 7665522 or by visiting any of the Coventry’s 50 branches.
