Coventry Building Society today (26 November) launched a new mortgage product range, with rates lowered by up to 0.66%.

The Coventry offers Fixed, Tracker and Flexx products in its Residential, Offset & 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 new 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%.

For customers looking for a product that tracks the Bank of England Base Rate, Coventry is 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.

Also launched today are a number of BTL mortgages, including 4.99% fixed for 18 months with £700 fees and free valuation.  This is available at 65% LTV.

"We continue to have a strong appetite for growing our mortgage business and expect this new range be very well received by intermediaries and customers alike," said Colin Franklin, Sales and Marketing Director at the Coventry and Managing Director of Godiva Mortgages. 

"With our unique intermediary pledges, including a promise of no dual-pricing, we have developed this new range to boost business opportunities for brokers."

For more information, mortgage introducers should telephone the central intermediary support team on 0845 757 3612 or log on to www.coventryintermediaries.co.uk 

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