You are here: Home - News -

Coventry BS adds four-year fix

  • 07/08/2017
  • 0
Coventry BS adds four-year fix
Coventry Building Society has launched a range of four-year fixed-rate residential mortgages.

The loans are available at a range of loans to value (LTV) between 65% and 90%.

They include:

  • 1.69% at 65% LTV with a £999 product fee;
  • 2.55% at 90% LTV with a £999 product fee.

Early repayment charges apply at 4% until 30.09.18, 2% until 30.09.20 then 1% until 30.09.21.

Coventry Building Society director of intermediaries Kevin Purvey said: “We’re delighted to launch our first ever range of four-year fixed residential mortgages.

“Our residential range now provides brokers with more options for clients looking for the stability of a fixed rate.

“In addition, all of our products are application fee-free and include a valuation of up to £670 for residential mortgages.”


Limited market

According to Moneyfacts, Chelsea Building Society is the only other lender offering four-year fixed-rate mortgages on the open market, with its 65% LTV product at 1.64% with a £995 fee.

Lloyds Bank offers existing borrowers four-year deals, starting at 2.39%.

“The four-year fixed mortgage market is very limited right now, but it could be an option for lenders to branch into if competition is fierce for a five-year fixeds, where prices start at 1.59%,” Moneyfacts spokeswoman Rachel Springall said.

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
country mansion
Homeowners using mortgages to invest in riskier assets

Well-off homeowners are taking advantage of record low mortgage rates to borrow against their property to invest in bonds, equities...