COVENTRY, UNITED KINGDOM — (Marketwire) — 01/05/12 — Coventry Building Society kicks off the New Year with a fantastic new product range with the following highlights;
Colin Franklin, Sales and Marketing Director, , said: “We are starting the New Year with some great news for borrowers. We have reduced the rates on our first time buyer products by up to 0.40% so not only will borrowers enjoy piece of mind with low, fixed monthly payments for 5 years, existing members who qualify will also receive GBP 500 of IKEA vouchers to help furnish their new home”.
“People looking to remortgage who also want longer term fixed rates will not be disappointed either. Our new range includes competitive 5 year fixed rates with no ERCs starting from 3.89% – ideal for borrowers looking to take advantage of the current low rates whilst having the flexibility to make unlimited overpayments. As always, customers can find what they-re looking for at the Coventry”.
Full details of the new products are attached.
Customers wishing to apply for any of the Coventry-s should telephone the Customer Service Centre on 0845 7665522, log on at or visit any of the Coventry-s 70 branches.
Members First Time Buyer Products
To qualify for this scheme the applicant or applicant-s grandparent/parent/guardian must have held a Coventry savings, Coventry current account (or in the case of grandparent/parent or guardian – a Coventry mortgage) with us continuously for the last 3 years or more at the time of application.
The Ikea gift card to the value of GBP 500.00 will be sent to the applicant on completion of the mortgage. No cash equivalent will be provided. This incentive is paid only at the start of a mortgage on completion of the purchase of your first property, it will not be paid if future changes are made to the mortgage (for example, transferred to another property). For full terms and conditions on redemption of IKEA gift cards, please refer to . This scheme is only available on a capital and interest repayment basis.
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