The variable rate products are managed by the Society to ensure they are priced at a competitive level, and are set independently of its Standard Variable Rate and the Bank of England Base Rate. They come with no early repayment charge and offer unlimited overpayments as well as a payment holiday facility.
The key features of the new products are:
The Coventry residential Flexx for term 3.50% mortgage, up to 65% Loan to Value.
The Coventry residential Flexx for term 4.15% mortgage, up to 75% Loan to Value
Both products include a free valuation up to £640 and a free legal package for those wishing to remortgage. Fees consist of a £199 booking fee and a £300 arrangement fee. In addition, a First Time Buyer Flexx for term product is available, at 4.99%, up to 85% Loan to Value (payment holiday facility not available on this product).
Darin Landon, Head of Sales for the Coventry, said: "The Coventry's Flexx mortgages are known for their great combination of low set-up costs and complete flexibility. In the past, these products have proved incredibly popular with customers who are looking for a competitive mortgage that can change with their circumstances."
For more information mortgage introducers should telephone the central intermediary support team on 0845 757 3612 or log onto www.coventryintermediaries.co.uk
