New Coventry mortgages announced

Date:Tuesday 12th May 2009
Author: Susanna Kavka

Coventry has announced it is launching new mortgage products for consumers.

The lender is to offer three-year fixed-rate mortgages charged at a rate of 3.99 per cent for loan-to-values (LTVs) of up to 65 per cent.

The products will be fixed until June 30th 2012, the firm said.

Meanwhile, it is also introducing a five-year fixed-rate product at 4.49 per cent, also available on LTVs of up to 65 per cent.

In addition, Coventry is to offer one per cent off its standard variable-rate product for the next three years.

Colin Franklin, head of Sales for the Coventry, said: "A rate of 4.49 per cent on a five-year fixed mortgage represents fantastic value for people wanting to lock in at current low rates. Customers looking for security and peace of mind can fix it with the Coventry."

Recently, Woolwich announced a range of new mortgages, including a three-year fixed-rate product available at 3.99 per cent available for LTVs of up to 70 per cent.