The new range includes the Offset Flexx for Terms at 65% LTV. The 3.49% Flexx for Term, has a £199 booking fee, £1,800 arrangement fee with no early repayment charges while the 3.69% Flexx for Term has £199 booking fee, £1,300 arrangement fee with no early repayment charges.
The Buy to Let range is also 65% LTV with a 3.75% fixed rate until 31/03/2014 which has a £250 booking fee and £2,249 arrangement fee. The 3.99% fixed rate until 31/03/2014 has a £250 booking fee and £1,749 arrangement fee while the 4.25% fixed rate until 31/03/2014, has a £250 booking fee and £999 arrangement fee.
‘This week we are launching a range of products ideal for those requiring a larger loan but still want a great rate. The fees attached to mortgage products are often perceived as something to avoid, but in some cases you can save money on your mortgage by paying a flat fee and getting a lower interest rate in return. So borrowers requiring larger mortgages may be better off with a flat fee rather than a percentage fee,’ said Colin Franklin, sales and marketing director at Coventry Building Society.
‘Our new Flexx for term range offers fantastic value with low rates from 3.49% and with no early repayment charges. Borrowers also have the flexibility to choose from a range of fee options to suit them. All products include a valuation up to the value of £670 for Offset or £700 for BTL loans and a legal package for those remortgaging to us,’ he explained.
