Coventry Building Society mortgage rates - new

New Coventry Building Society mortgage rates were launched this week. The lenders new products include a great value 5 year fixed rate mortgage for owner occupiers and Buy to Let landlords.

Their new 5 year residential range starts at 3.58 per cent and is fixed to 31.03.2017. First-time buyers will also benefit with rates reduced by up to 0.40 per cent on 90 per cent LTV

Colin Franklin, the lenders Sales and Marketing Director said of the Coventry Building Society mortgage rates: "We are starting the New Year with some great news for borrowers. We have reduced the rates on our first time buyer products by up to 0.40% so not only will borrowers enjoy piece of mind with low, fixed monthly payments for 5 years, existing members who qualify will also receive GBP 500 of IKEA vouchers to help furnish their new home". The Ikea gift card to the value of £500 will be sent to the applicant on completion of the mortgage.

The new Coventry Building Society mortgage rates will also benefit those people looking to remortgage who want longer term fixed rates. The lenders new range includes competitive 5 year fixed mortgage rates with no early repayment charges which start at 3.89 per cent. The new rates are perfect for borrowers looking to take advantage of the current low rates whilst having the flexibility to make unlimited overpayments.