Fixed rate mortgage deals launched by Coventry Building Society

A new range of competitive fixed rate mortgage deals have been launched by the Coventry Building Society. The new mortgage deals are aimed at first-time buyers and customers looking for the security of a longer fixed rate product.

Coventry Building Society offers a 5 year fixed rate mortgage at 3.58 per cent loan-to-value ratio of 65 per cent. The product charges a £199 booking fee and an £800 arrangement fee. The mortgage provider is also offering a Flexx 5 year fixed rate deal at 3.89 per cent for borrowers with a 65 per cent loan-to-value. The same £199 booking fee and an £800 arrangement fee apply.

For first-time buyers with a ten per cent deposit, Coventry Building Society are offering a 5 year fixed rate mortgage deal charging 5.25 per cent for existing members. There is a £199 booking fee but no arrangement fee, successful applicants will receive £500 of IKEA vouchers. The non-member rate is 5.49 per cent with a £199 booking fee and an arrangement fee of £300.

Buy-to-let investors are offered a rate of 5.35 per cent for a five-year fixed rate deal if they have a 25 per cent deposit, a £250 booking fee applies and there is a £999 arrangement fee but no early repayment charges.

Colin Franklin, Sales and Marketing Director, Coventry Building Society, said of the new fixed rate mortgage deals, “We are starting the New Year with some great news for borrowers."