LONDON, UNITED KINGDOM — (Marketwired) — 10/31/13 — This news release is for the use of journalists only.
Coventry launches new residential and BTL products with rate cuts of up to 0.50% on selected products for new applications. The range includes a market leading Flexx for Term at 2.00% with no ERC-s. Available from Wednesday 30th October, highlights include;
Residential
Buy to Let
Colin Franklin, Sales and Marketing Director, Coventry Building Society, said: We have got some fantastic new deals. For borrowers looking for a low rate, our market leading, 5 year, Base Rate Tracker at +1.49% is ideal. And for those looking for a low rate with the ultimate flexibility of unlimited overpayments and no ERC-s, our Flexx for Term at just 2.00% is perfect. We also have a great new range for investors. Not only have we cut rates by up to 0.50% on selected products for new applications, we have also launched some highly competitive fixed rate options starting from 3.49% for 3 years. And, as always, all products include a valuation up to GBP 670 and access to our transfer service.”
Residential ERCs:
2 year fixed product ERCs: 3% until 31.12.14 then 1% until 31.12.15
5 year fixed product ERCs: 5% until 31.12.15, 3% until 31.12.17 then 1% until 31.12.18
Buy to Let ERC-s
2 year fixed product ERCs: 3% until 31.10.14 then 1% until 31.10.15
3 year fixed product ERCs: 3% until 31.10.15 then 1% until 31.10.16
5 year fixed product ERCs: 5% until 31.10.15, 3% until 31.10.17 then 1% until 31.10.18
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.
Our Customer Service Centre is open seven days a week, and our advisors are available Monday to Friday 8am-8pm, Saturday 9am-5pm and Sunday 10am-4pm. Our 24 hour self-service telephone option is also available 24 hours a day, 365 days a year. Your home may be repossessed if you do not keep up repayments on your mortgage.
Contacts:
Press Office
0870 607 7727