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Coventry Intermediaries refreshes 85% LTV range

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  • 24/08/2012
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Coventry Intermediaries refreshes 85% LTV range
Coventry Intermediaries has launched a range of 85% LTV residential mortgages, in addition to cutting rates for first-time buyers.

Its residential range includes a two-year fixed rate at 4.33%, available up to 85% LTV which includes a £199 booking fee with £800 arrangement fee.

It is also offering a two-year fixed rate at 4.53%, also available up to 85% LTV which includes a £199 booking fee and no arrangement fee.

For first-time buyers, Coventry has a five-year fixed rate mortgage at 4.99% which is available with a £199 booking fee and no arrangement fee.

Godiva Mortgages’ managing director Colin Franklin said: “Following feedback from brokers, we are delighted to extend our range of Residential and Offset mortgages up to 85% LTV. With a choice of fee structures, borrowers can now enjoy the benefits of our fantastic residential and offset two- year fixed rate mortgages.

“We are also pleased to reduce the rate on our members’ first-time buyer product to a best buy rate of 4.99% down from 5.19%. This five-year fixed rate comes with a range of popular features including a £500 IKEA voucher, no arrangement fee and is available up to 90% LTV. All this plus our popular offset flexx for term mortgage at 4.49%. With no ERC’s and unlimited overpayments, we expect this mortgage to be popular with borrowers looking for ultimate flexibility.”

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