Coventry Building Society launches new product range

Coventry Building Society is launching a new mortgage product range with rates lowered by up to 0.66%.

The building society has launched fixed, tracker and Flexx products in its residential, offset and buy-to-let ranges, as well as offering a variety of different loan-to-value levels and arrangement fee options.

Headlining the changes is a two-year fixed-rate residential mortgage at 3.50% available at 50% LTV, with free valuation and free remortgage transfer service. Residential customers borrowing up to 70% LTV can take a two-year fixed rate of 3.65%.

It is also introducing a two-year tracker at 70% LTV, equivalent to Base Rate plus 2.09% which gives a current payment rate of 2.59%. A free valuation and free remortgage transfer service is also available on this product.

Colin Franklin, sales and marketing director at the Coventry and managing director of Godiva Mortgages, said: “These deals show the Coventry continuing to offer real value to customers and we expect this new range to be very well received.”