Coventry launches 4.99% fixed rate mortgage

Coventry launches 4.99% fixed rate mortgage

Coventry Building Society yesterday launched a new range of mortgage products.

Among the products released was a two year fixed-rate mortgage at 4.99%, available at 85% loan to value. A free valuation and remortgage transfer service are included in the deal.

Offset products have also been updated to include a two year 4.49% fixed rate, or a fee free 4.79% fixed rate. Both of these are available at 65% loan to value.

Head of sales and managing director of Godiva Mortgages, Colin Franklin, said the new mortgages are highly competitive and in some cases beat all other available products.

Franklin believes the new range will appeal to new buyers, people moving home, and those looking to remortgage.

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