The Coventry has reduced the rate on its 5 year residential mortgage by 0.2 per cent to 4.49 per cent.
The offer is highly competitive and includes a free valuation up to £640 and a free legal package for those wishing to remortgage.
In addition, the Coventry is launching a 3 year fixed rate mortgage and a new discounted product offering 1 per cent off Coventry’s Standard Variable Rate for the next 3 years.
Key features of the new products are:
The Coventry residential 5 year 4.49 per cent fixed rate mortgage. Fixed until 30th June 2014, up to 65 per cent loan to value
The Coventry residential 3 year 3.99 per cent fixed rate mortgage. Fixed until 30th June 2012, up to 65 per cent loan to value
The Coventry SVR less 1 per cent discounted mortgage, giving a current rate of 3.74 per cent. Discount available until 30th June 2012, up to 75 per cent loan to value.
Colin Franklin, head of sales for the Coventry, said: “A rate of 4.49 per cent on a 5 year fixed mortgage represents fantastic value for people wanting to lock in at current low rates. Customers looking for security and peace of mind can fix it with the Coventry!”












