Low mortgage rate deals from Coventry

The Coventry Building Society has announced new low mortgage rate deals which run from  February 21st 2012.  The lender advises that this product refresh will offer a great range of borrower options.

One product included in the Coventry new low mortgage rate deals, is their popular 5 year fixed rate deal offered at a competitive 3.75 per cent. The deal is available for 65 per cent loan to value, new borrowers will receive a free basic valuation and for those remortgaging legal fees are included. The product is charged with a £800 arrangement fee and a £199 booking fee.

The new 5 year fixed rate mortgage range comes with various other rate options and loan to value levels. For borrowers with a 20 per cent deposit a rate of 4.25 per cent is offered. A £199 booking fee is charged along with an £800 arrangement fee, a valuation is included in the cost of the deal up to a value of £670 and for remortgaging customers lender transfer service is included. For those borrowers who have a smaller deposit of 15 per cent, a 5 year deal is offered at 5.59 per cent with the same arrangement and booking fee, free valuation up to £670 and the remortgage transfer service is again included.

All of the Coventry's low mortgage rate deals for a 5 year fixed term, come with an early repayment charge of 5 per cent of the balance for the first 2 years, 3 per cent of the balance for the following 2 years and 2 per cent of the balance for the final year.